International BondMarketChapter Nine
ChapterOutline× The World's Bond Markets: A StatisticalPerspectiveForeign Bonds and EurobondsTypes of InstrumentsCurrency Distribution, Nationality, Type ofIssuerInternational Bond Market Credit RatingsEurobond Market Structure & PracticesInternational Bond Market Indices
Chapter Outline ❖The World’s Bond Markets: A Statistical Perspective ❖Foreign Bonds and Eurobonds ❖Types of Instruments ❖Currency Distribution, Nationality, Type of Issuer ❖International Bond Market Credit Ratings ❖Eurobond Market Structure & Practices ❖International Bond Market Indices
TheWorld'sBond MarketsA statistical perspective: The total market value of the world'sbond markets are about 50% larger thanthe world's equity markets.Most issues are denominated in U.Sdollars, Japanese Yen are second, followedby Deutchmarks in a distant third
The World’s Bond Markets ❖A statistical perspective: ❖The total market value of the world’s bond markets are about 50% larger than the world’s equity markets. ❖Most issues are denominated in U.S. dollars, Japanese Yen are second, followed by Deutchmarks in a distant third
Amounts of Domesticand InternationalBonds OutstandingTotalPercentPercentCurrencyDomesticPercentInternationalU.S. $39.0%7,129.2036.2%38.2%25,064.134,493.6Euroe14,293.322.3%12,387.647.5%26,680.929.5%2.4%8.2%4.1%Pound f1,559.52,145.63,705.1Yen?17.9%693.92.7%13.5%11,521.512,215.45.5%Other11,783.018.3%1,422.513,205.514.6%Total100%100%90.300.464,221.926.078.5(AsofYear-End 2009 in Billionsof USDollars)
Amounts of Domestic and International Bonds Outstanding (As of Year-End 2009 in Billions of U.S. Dollars) Currency Domestic Percent International Percent Total Percent U.S. $ 25,064.1 39.0% 7,129.20 36.2% 34,493.6 38.2% Euro € 14,293.3 22.3% 12,387.6 47.5% 26,680.9 29.5% Pound £ 1,559.5 2.4% 2,145.6 8.2% 3,705.1 4.1% Yen ¥ 11,521.5 17.9% 693.9 2.7% 12,215.4 13.5% Other 11,783.0 18.3% 1,422.5 5.5% 13,205.5 14.6% Total 64,221.9 100% 26,078.5 100% 90,300.4 100%
DomesticandInternationalBondsOutstanding100908070Domestic6050International40Total3020100U.S.dollarEuroPoundYenOtherTotal(AsofYear0End2009inBillionsofU.S.Dollars)
Domestic and International Bonds Outstanding 0 10 20 30 40 50 60 70 80 90 100 U.S. dollar Euro Pound Yen Other Total Domestic International Total Percentage (As of Year0End 2009 in Billions of U.S. Dollars)