Bonds vs. CDs: The key differences and how to decide which income-producing option is better for you

An investor's long-term goals, need for cash, and tolerance for risk all play a part in deciding between bonds or CDs.
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Bonds and CDs (certificates of deposit) are both fixed-interest investments, popular with investors seeking a low-risk income stream. 
CDs are federally insured and tend to come with relatively short maturity dates. Bonds often have 10-to-30-year terms and may offer tax advantages.
CDs could be a good fit for short-term investors who don't want to