How big is the US bond market?

In 2020, U.S. long-term fixed income issuance reached $12.2 trillion, a 48.1% increase from the previous year. Mortgage-backed securities issuance increased by 96.2% to $4.0 trillion, followed by corporate bonds (+60.4% to $2.3 trillion) and Treasury securities (+32.7% to $3.9 trillion).

Why did bonds go down in 2013?

Taper tantrum refers to the 2013 collective reactionary panic that triggered a spike in U.S. Treasury yields, after investors learned that the Federal Reserve was slowly putting the breaks on its quantitative easing (QE) program.

How big is the bond market compared to the stock market?

The bond market is much larger than the stock market. In the U.S. alone, bond markets make up almost $40 trillion in value, compared to less than $20 trillion for the domestic stock market. Trading volume in bonds also dramatically exceeds stock market volume, with nearly $700 billion in bonds traded on a daily basis.

What is the outlook for bonds in 2020?

After surprisingly strong total returns in 2020, we expect more muted returns for the fixed income markets in 2021. The year 2020 will long be remembered for the COVID-19 pandemic and its tragic human toll. And yet, it was a surprisingly strong year for the overall capital markets.

How big is the bond market in the US?

Bond Market Size. That included more than $14.4 trillion in United States Treasury debt, more than $9.2 trillion in mortgage-related bonds, more than $8.8 trillion in corporate bonds and more than $3.8 billion in municipal bonds. While corporate and Treasury debt have essentially steadily increased over the past few decades,…

How big is the market for US Treasuries?

Post-trade transparency in US Treasuries has arrived. CCPView now includes volumes across US Treasuries, Futures and Swaps. This reveals that the true size of the Rates market in the US is $12.5 Trillion per week in notional equivalents for medium and long-dated interest rate products.

Where does most bond trading take place in the US?

Nearly all of the average daily trading in the U.S. bond market takes place between broker-dealers and large institutions in a decentralized over-the-counter (OTC) market. However, a small number of bonds, primarily corporate ones, are listed on exchanges.

What was the value of international bonds in 2011?

The outstanding value of international bonds increased by 2% in 2011 to $30 trillion. The $1.2 trillion issued during the year was down by around a fifth on the previous year’s total. The first half of 2012 was off to a strong start with issuance of over $800 billion.