Chapter_07 - The Worlds Bond Markets A statistical Perspective The total market value of the worlds bond markets are about 50 larger than the

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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.
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A Statistical Perspective: International Total $ 47.8% 45.1% 47.5% ¥ 18.0% 11.7% 17.2% DM 7.0% 10.3% 7.4%
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Amounts of Domestic and International Bonds Outstanding (As of Year-End 2001 in U.S. $Billions) Currency Domestic Percent Internation al Percent Total Percent U.S. dollar $15,377. 0 50.4% $3,465.6 50.7% $18,842. 6 50.5% Euro $5,226.1 17.1% $2,170.2 31.7% $7,396.3 19.8% Pound $920.8 3.0% $505.3 7.4% $1,426.1 3.8% Yen $5,846.8 19.2% $409.1 6.0% $6,255.9 16.8% Other $3,118.2 10.2% $288.9 4.2% $3,407.1 9.1% Total $30,488. 9 100.0% $6,839.1 100.0 % $37,328. 0 100.0%
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Amounts of Domestic and International Bonds Outstanding $- $5,000.0 $10,000.0 $15,000.0 $20,000.0 $25,000.0 $30,000.0 $35,000.0 $40,000.0 U.S. dollar Euro Pound Yen Other Total Domestic International Total (As of Year-End 2001 in U.S.
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Percentage Outstanding 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% U.S. dollar Euro Pound Yen Other Domestic International Total (As of Year-End 2001 in U.S.
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Foreign Bonds and Eurobonds Bearer Bonds and Registered Bonds National Security Registrations Withholding Taxes Recent Regulatory Changes Global Bonds
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Bearer Bonds and Registered Bonds Bearer Bonds are bonds with no registered owner. As such they offer anonymity but they also offer the same risk of loss as currency. Registered Bonds: the owners name is registered with the issuer. Yankee bonds are $ denominated bonds sold to U.S. residents issued by a foreign agency. U.S. security laws require Yankee bonds sold to U.S. citizens to be registered.
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National Security Registrations Yankee bonds must meet the requirements of the SEC, just like U.S. domestic bonds.
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This note was uploaded on 07/16/2011 for the course FINA 5331 taught by Professor Staff during the Spring '08 term at UT Arlington.

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Chapter_07 - The Worlds Bond Markets A statistical Perspective The total market value of the worlds bond markets are about 50 larger than the

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