Global bond market

## In the global bond market In the global bond market, bonds issued by countries, municipal bodies, companies and financial institutions are traded. The value of the bond market amounted to $38 trillion at the end of 2001. Government bonds constitute about half of this amount. Table 28 shows the division of the bond market into regions. 1. **USA**: $18 trillion
2. **Europe**: $8 trillion
3. **Japan**: $6 trillion
4. **Developed Markets**: $4 trillion
5. **Emerging Markets**: $2 trillion ## The US bond market The US has the largest and most sophisticated bond market in the world. In this market, bonds from a variety of issuers are traded according to the following division: – Government bonds: **Treasury Securities**
– Corporate Bonds: **Corporate Bonds**
– Municipal Bonds: **Municipal Bonds**
– Mortgage-backed bonds: **Mortgage Backed Securities** Table 29 shows the division of the US bond market by issuing sector. 1. **US Government**: $3 trillion
2. **Business Companies**: $4 trillion
3. **Municipal Entities**: $2 trillion
4. **Mortgage-backed bonds**: $5 trillion