When comparing fixed rate bonds, evaluate the credit quality of the issuer (government, corporate, or municipal), as this affects default risk and yield. Consider the bond’s maturity date, as longer-term bonds typically offer higher yields but greater interest rate risk. Compare yields to maturity rather than just coupon rates, and factor in any call provisions that might allow early redemption. Tax implications vary significantly between government, corporate, and municipal bonds, so calculate after-tax returns based on your tax bracket. Also assess liquidity differences, as some bonds trade more actively than others.