noun
government bond; public bond
Financial term for bonds issued by a national or local government.
公共債は比較的安全な投資先と見なされている。
Government bonds are considered a relatively safe investment.
国債 specifically refers to national government bonds, while 公共債 is a broader term that can include local government bonds as well.
Compound of 公共 (public) and 債 (bond, debt).