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An aggregate bond, often referred to as an aggregate bond index, represents a broad measure of the performance of a wide range of bonds, including government, corporate, and municipal securities. It provides investors with a comprehensive view of the fixed-income market by encompassing various maturities and credit qualities. The aggregate bond market serves as a benchmark for bond investors, reflecting changes in interest rates and overall market conditions. This type of bond investment aims to mitigate risk through diversification across different bond types and issuers.

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