You are being affected by section [class.default.ctor]p2 of the draft C++ standard (or [class.ctor]p5 in C++11) which says:
A defaulted default constructor for class X is defined as deleted if:
...
- any non-variant non-static data member of const-qualified type (or array thereof) with no brace-or-equal-initializer does not have a user-provided default constructor,
...
They possible key to fixing your issue is with the phrase with no brace-or-equal-initializer so if you provide brace-or-equal-initializer that will fix your issue e.g.:
const int payments_per_year{12};
const int period_length_in_months{48};
brace-or-equal-initializer does not require braces, we can see this the grammar:
brace-or-equal-initializer:
= initializer-clause
braced-init-list
but using uniform initialization has some advantages such as making narrowing conversions ill-formed that it is worth getting used to using them.
Both gcc and clang provide more meaningful diagnostics for this see the live godbolt session. Sometimes it can be helpful to try your code on multiple compilers, especially if you have a minimal test case like this e.g. clang says:
warning: explicitly defaulted default constructor is implicitly deleted [-Wdefaulted-function-deleted]
Bond() = default;
^
note: default constructor of 'Bond' is implicitly deleted because field 'payments_per_year' of const-qualified type 'const int' would not be initialized
const int payments_per_year;
^
...