Answer:
Step-by-step explanation:
An iconic bond is a bond that is considered to be a benchmark for its class or sector, and is widely recognized and widely followed by market participants. It is known for its high credit rating and considered as a safe investment. It is often considered as a "bellwether" in the bond market, meaning that it is seen as an indicator of the performance of a particular sector or market as a whole. The term "iconic" refers to the bond's status as a widely recognized and respected benchmark in the market.