> eth0: <BROADCAST,MULTICAST> mtu 1500 qdisc noop state DOWN group default qlen 
> 1000
> eth1: <BROADCAST,MULTICAST> mtu 1500 qdisc noop state DOWN group default qlen 
> 1000

your bonded links are down; nothing will happen until they are brought
up.

> $ sudo journalctl -b -u systemd-networkd
...

your pasted log appears incomplete since i see no output for eth0 or
eth1; please paste or attach your entire log.

** Changed in: systemd (Ubuntu)
       Status: New => Incomplete

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https://bugs.launchpad.net/bugs/1908140

Title:
  Bond DHCP fails on Ubuntu Server 20.04 netplan

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