TheCityUK Reveals Value Outstanding in Global Bond Market in New Report
By Thecityuk, PRNETuesday, July 5, 2011
LONDON, July 6, 2011 -
TheCityUK (
the independent body promoting
financial services on a world scale, has launched the
Markets 2011 report, revealing the global value outstanding of
bonds.
Outstanding bonds totalled a record $95 trillion at the end of
2010, up 5% on the previous year. Domestic bonds accounted for 70%
of the total and international bonds for the remainder.
As a proportion of global GDP, the bond market increased to 130%
in 2010 from 119% in 2008 and 80% a decade earlier. The
considerable growth means that at the end of 2010 it was much
larger than the global equity market which had a market
capitalisation of around $55 trillion. Growth of the market since
the start of the economic slowdown was largely a result of an
increase in issuance by governments, with government bonds
accounting for 43% of the value outstanding at the end of 2010, up
from 39% a year earlier.
The corporate bond market remained strong in 2010 following on
from the rally in 2009. Book-runners’ deal volume from global debt
capital markets totalled $6.05 trillion in 2010, down 2% from the
previous year but nearly 40% up on the volume two years
earlier.
Marko Maslakovic, Senior Manager,
Research at TheCityUK, said: “The slow pace of book-runners
deal volume in Europe during 2010, partly a result of the
government finance crisis in some countries, was largely offset by
an increase in activity in the US. Europe’s corporate bond markets
remain less developed than in the US, but are likely to expand as
companies diversify sources of funding.”
Download the full report at
About TheCityUK
TheCityUK is the independent membership body promoting the UK’s
financial service industry and related
industry. It was created with the support and initial financial
backing of the City of London Corporation.
TheCityUK is the
cross-sector voice for the UK financial services community working
to build a deeper pool of support across the UK, promoting UK
financial services overseas and contributing to the regulatory and
trade policy debate.
The purpose of the organisation is to partner prosperity -
supporting the competitiveness of UK financial services and
protecting their considerable economic contribution. TheCityUK
co-ordinates and facilitates the contribution of its members to
drive and deliver its priorities.
Its UK-wide
services membership covers all sectors in the financial
services industry and the related professional services industry.
It is independent and politically neutral.
For more information on TheCityUK and UK financial services,
visit
Tim Skelton-Smith, TheCityUK, Head of Marketing Communications, +44(0)20-7776-8970, tim.skelton-smith at thecityuk.com
Tags: July 6, London, Thecityuk, United Kingdom
