Global Bond market size 2021 was recorded $13139.1 Billion whereas by the end of 2025 it will reach $14872.8 Billion. According to the author, by 2033 Bond market size will become $19056.6. Bond market will be growing at a CAGR of 3.147% during 2025 to 2033.

As of July 22, 2025, the yield for a ten-year U.S. government bond was 4.38 percent, while the yield for a two-year bond was 3.88 percent. This represents an inverted yield curve, whereby bonds of longer maturities provide a lower yield, reflecting investors' expectations for a decline in long-term interest rates. Hence, making long-term debt holders open to more risk under the uncertainty around the condition of financial markets in the future. That markets are uncertain can be seen by considering both the short-term fluctuations, and the long-term downward trend, of the yields of U.S. government bonds from 2006 to 2021, before the treasury yield curve increased again significantly in the following years. What are government bonds? Government bonds, otherwise called ‘sovereign’ or ‘treasury’ bonds, are financial instruments used by governments to raise money for government spending. Investors give the government a certain amount of money (the ‘face value’), to be repaid at a specified time in the future (the ‘maturity date’). In addition, the government makes regular periodic interest payments (called ‘coupon payments’). Once initially issued, government bonds are tradable on financial markets, meaning their value can fluctuate over time (even though the underlying face value and coupon payments remain the same). Investors are attracted to government bonds as, provided the country in question has a stable economy and political system, they are a very safe investment. Accordingly, in periods of economic turmoil, investors may be willing to accept a negative overall return in order to have a safe haven for their money. For example, once the market value is compared to the total received from remaining interest payments and the face value, investors have been willing to accept a negative return on two-year German government bonds between 2014 and 2021. Conversely, if the underlying economy and political structures are weak, investors demand a higher return to compensate for the higher risk they take on. Consequently, the return on bonds in emerging markets like Brazil are consistently higher than that of the United States (and other developed economies). Inverted yield curves When investors are worried about the financial future, it can lead to what is called an ‘inverted yield curve’. An inverted yield curve is where investors pay more for short term bonds than long term, indicating they do not have confidence in long-term financial conditions. Historically, the yield curve has historically inverted before each of the last five U.S. recessions. The last U.S. yield curve inversion occurred at several brief points in 2019 – a trend which continued until the Federal Reserve cut interest rates several times over that year. However, the ultimate trigger for the next recession was the unpredicted, exogenous shock of the global coronavirus (COVID-19) pandemic, showing how such informal indicators may be grounded just as much in coincidence as causation.

The yield on US 30 Year Bond Yield rose to 4.76% on December 2, 2025, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.06 points and is 0.35 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. United States 30 Year Bond Yield - values, historical data, forecasts and news - updated on December of 2025.

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Fixed Income Assets Management Market Size 2025-2029

The fixed income assets management market size is valued to increase USD 9.16 tr, at a CAGR of 6.3% from 2024 to 2029. Increasing investment in fixed income assets will drive the fixed income assets management market.

Major Market Trends & Insights

North America dominated the market and accounted for a 35% growth during the forecast period.
By Type - Core segment was valued at USD 13.18 tr in 2023
By End-user - Enterprises segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 55.33 tr
Market Future Opportunities: USD 9156.40 tr
CAGR : 6.3%
North America: Largest market in 2023

Market Summary

The market encompasses the management and investment in various types of debt securities, including bonds and treasuries. Core technologies and applications, such as portfolio optimization algorithms and risk management tools, play a crucial role in this market's continuous evolution. One significant trend is the increasing adoption of bond exchange-traded funds (ETFs), which accounted for over 20% of global fixed income assets under management in 2021.
However, the market faces challenges, including transaction risks and regulatory changes. For instance, the European Securities and Markets Authority's (ESMA) updated guidelines on MiFID II reporting requirements have impacted market participants. Despite these challenges, opportunities persist, including the growing demand for active management strategies and the increasing popularity of alternative investment-grade bonds.

What will be the Size of the Fixed Income Assets Management Market during the forecast period?

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How is the Fixed Income Assets Management Market Segmented and what are the key trends of market segmentation?

The fixed income assets management industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD tr' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Core
  Alternative


End-user

  Enterprises
  Individuals


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The core segment is estimated to witness significant growth during the forecast period.

Fixed Income Asset Management (FIAM) is a strategic investment approach that focuses on managing a diversified mix of US dollar-denominated fixed-income securities. This strategy encompasses various types of securities, including investment-grade bonds, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), asset-backed securities (ABS), US government bonds, corporate debt, and other securitized assets. FIAM strategies employ rigorous research and risk management techniques to deliver consistent, solid returns, balancing both capital growth and income objectives. Portfolio managers meticulously blend securities across issuers, maturities, and jurisdictions to cater to the varying requirements of investors. Quantitative bond strategies, such as yield curve modeling and duration and convexity analysis, play a crucial role in FIAM.

These strategies help in assessing the risk-reward trade-off and optimizing the portfolio's sensitivity to interest rate changes. Interest rate swaps and other interest rate derivatives are essential tools in managing FIAM. They enable portfolio managers to hedge against interest rate risk and adjust the portfolio's duration to maintain an optimal risk profile. Performance attribution models and option-adjusted spread analysis are essential for evaluating the effectiveness of FIAM strategies. These models help in understanding the contribution of various factors to the portfolio's overall performance. Liquidity risk management is another critical aspect of FIAM. Portfolio managers employ various techniques, such as securitization and debt portfolio optimization, to manage liquidity risk and ensure that the portfolio remains accessible to investors.

Global macroeconomic factors, such as inflation, economic growth, and interest rates, significantly impact the FIAM market. Inflation-linked securities and credit default swaps are popular instruments used to hedge against inflation risk and credit risk, respectively. The FIAM market is experiencing steady growth, with an increasing number of investors recognizing the benefits of this investment strategy. According to recent studies, the market is projected to expand by approximately 12% in the coming year. Additionally, there has been a significant increase in the adoption of quantitative bond strategies, with over 40% of portfolio managers re

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United States (IRLTLT01USM156N) from Apr 1953 to Oct 2025 about long-term, 10-year, bonds, yield, government, interest rate, interest, rate, and USA.

The yield on US 10 Year Note Bond Yield rose to 4.12% on December 2, 2025, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has remained flat, and it is 0.11 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. US 10 Year Treasury Bond Note Yield - values, historical data, forecasts and news - updated on December of 2025.

Global Roll Bond Evaporator market size 2021 was recorded $1025.22 Million whereas by the end of 2025 it will reach $1281.18 Million. According to the author, by 2033 Roll Bond Evaporator market size will become $2000.77. Roll Bond Evaporator market will be growing at a CAGR of 5.73% during 2025 to 2033.

Due to financial unrest caused by the coronavirus outbreak in March 2020, the yield of ******** governments in the Netherlands dropped significantly. During the last quarter 2021, the yield on ******* government bonds was on average ***** percent. The beginning of 2022 saw the start of a positive yield with the rate resting at an average of **** percent as of the second quarter of 2024. A ******** government bond, or treasury note, is a debt obligation issued by a government which matures in *** years. They are considered to be a low-risk investment as they are backed by the government and their ability to raise taxes to cover its obligations. Investors track them, however, for several reasons. First, these bonds are the benchmark that guides other financial interest rates, such as fixed mortgage rates. Second, their yield will tell how investors feel about the economy. The higher the yield on a ******** government bond, the better the economic outlook.

The yield on India 10Y Bond Yield eased to 6.52% on December 2, 2025, marking a 0.06 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.03 points and is 0.24 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. India 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on December of 2025.

Alternative investment products ranked ******* both in terms of future demand and supply, according to a global survey among investors and investment providers conducted in 2021. According to the survey results, ** percent of investment providers were planning to offer alternative investment products in the next two years. Meanwhile, ** percent of investors were planning to use this investment product more over the same period. Alternative investment products typically relate to investment outside traditional products such as stocks, bonds, and cash. Followed by recent economic trends, an increase in alternative asset popularity is not uncommon. Institutional, high-worth, and family firm investors all directly or indirectly invest in alternative assets during times of volatility, as returns have a lower correlation to the standard asset classes such as bonds or stocks. This generates revenue in times of lower yields.

Global Green Bond Verification market size 2021 was recorded $5149.5 Million whereas by the end of 2025 it will reach $8190 Million. According to the author, by 2033 Green Bond Verification market size will become $20716.8. Green Bond Verification market will be growing at a CAGR of 12.3% during 2025 to 2033.

Mexico BDM Forecast: Fixed Rate Bond Yield: 10 Years: Average data was reported at 7.970 % pa in 2021. This records a decrease from the previous number of 8.010 % pa for 2020. Mexico BDM Forecast: Fixed Rate Bond Yield: 10 Years: Average data is updated yearly, averaging 7.680 % pa from Dec 2014 (Median) to 2021, with 8 observations. The data reached an all-time high of 8.950 % pa in 2018 and a record low of 6.070 % pa in 2014. Mexico BDM Forecast: Fixed Rate Bond Yield: 10 Years: Average data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M004: Securities Yield: Forecast.

Chile Economic Expectations Evolution: 5 Years Unit of Account Treasury Bonds Rate (BCU 5): Next 2 Months data was reported at 2.100 % pa in Feb 2023. This records an increase from the previous number of 2.000 % pa for Jan 2023. Chile Economic Expectations Evolution: 5 Years Unit of Account Treasury Bonds Rate (BCU 5): Next 2 Months data is updated monthly, averaging 1.900 % pa from Jan 2007 (Median) to Feb 2023, with 194 observations. The data reached an all-time high of 3.200 % pa in Dec 2008 and a record low of -1.300 % pa in Mar 2021. Chile Economic Expectations Evolution: 5 Years Unit of Account Treasury Bonds Rate (BCU 5): Next 2 Months data remains active status in CEIC and is reported by Central Bank of Chile. The data is categorized under Global Database’s Chile – Table CL.M007: Bond Yield: Forecast.

Slovakia SK: Long-Term Interest Rate: Government Bonds data was reported at 3.487 % in 2026. This records an increase from the previous number of 3.357 % for 2025. Slovakia SK: Long-Term Interest Rate: Government Bonds data is updated yearly, averaging 3.872 % from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of 21.725 % in 1998 and a record low of -0.080 % in 2021. Slovakia SK: Long-Term Interest Rate: Government Bonds data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Slovakia – Table SK.OECD.EO: Interest Rate: Forecast: OECD Member: Annual. IRL - Long-term interest rate on government bonds; Yield of long term government bond yield. Before September 2000, data refer to average interest rate yield for Government Bonds achieved on the primary market (with 2 years maturity). From September 2000, data refer to yields on 10-year benchmark bonds

The yield of ******** government bonds in Belgium have started declining from April 2020 due to the financial unrest caused by the coronavirus outbreak in early March 2020, spending much of 2020 in negative territory. By July 2021, Belgian bond yields had dropped back to a negative value of ***** percent, before just creeping into positive territory again in September 2021 with a yield of **** percent. From the beginning of 2022, ******** yield of Belgian government bonds started to increase and reached **** percent as of June 2023.

A ******** government bond, or treasury note, is a debt obligation issued by a government which matures in ten years. They are considered to be a low-risk investment as they are backed by the government and their ability to raise taxes to cover its obligations. Investors track them, however, for several reasons. First, these bonds are the benchmark that guides other financial interest rates, such as fixed mortgage rates. Second, their yield will tell how investors feel about the economy. The higher the yield on a ******** government bond, the better the economic outlook.

Key information about Canada Short Term Government Bond Yield

• Canada Short Term Government Bond Yield: Daily: Canada: 2 Years was reported at 2.41 % pa in Nov 2025, compared with 2.40 % pa in the previous day.
• Canada Short Term Government Bond Yield data is updated daily, available from Jan 1993 to Nov 2025.
• The data reached an all-time high of 4.97 % pa in Oct 2023 and a record low of 0.15 % pa in Feb 2021.
• Short Term Government Bond Yield is reported by CEIC Data.

The Fund Management Activities industry serves major clients, including pension funds, insurance and reinsurance firms, retail clients and other institutional clients. Despite an impressive stock market performance in 2021, with investor hopes of the economy returning to normality after the COVID-19 outbreak, economic headwinds like rising inflation meant the market rally was short-lived and fund managers struggled to generate healthy returns. Despite rock-bottom confidence persisting into 2023, investment markets defied expectations. Investors pricing in rate cuts in the last couple of 2023 triggered a rally in stock markets, while stocks in the US were also driven by the “Magnificent 7” tech stocks, which recorded eyewatering growth through the year. Bond markets also welcomed the end of interest rate hikes, resulting in many investors rushing to lock in higher yields, supporting capital inflows. Industry revenue is expected to grow at a compound annual rate of 7% to €13.5 billion over the five years through 2024, including estimated growth of 7% in 2024, while the average industry profit margin is estimated to be 22.8%. Fund managers have seen significant regulatory change, including the Undertakings for Collective Investment in Transferable Securities and the Markets in Financial Instruments Directive II. Ireland's dominating position of European ETFs is due to its neutral tax environment, which allows investors to rake in a greater proportion of returns from investments. AUM in the Irish industry have been growing at the fastest rate of any European fund domicile, drastically increasing the potential of fund managers to generate higher absolute returns. Industry revenue is expected to grow at a compound annual rate of 8.5% to reach €20.3 billion. A shift towards actively managed ETFs will drive revenue growth in the coming years, with investors demanding targeted exposure and tax efficient benefits in a volatile market. The influx of financial firms into Ireland after the UK's exit from the EU will also support the fund management industry as they try to capitalise on EU financial regulations. Debt-based securities are set to become increasingly popular as fund managers turn to safer assets such as bonds to cater for the growing demand for pension funds, driven by the ageing baby boomer generation.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 30-Year Constant Maturity, Quoted on an Investment Basis (DGS30) from 1977-02-15 to 2025-11-28 about 30-year, maturity, Treasury, interest rate, interest, rate, and USA.

Replication data for "The Macroeconomic Uncertainty Premium in the Corporate Bond Market" by Turan G. Bali, Avanidhar Subrahmanyam, and Quan Wen, published in the Journal of Financial and Quantitative Analysis Vol 56 Issue 5 August 2021, DOI https://doi.org/10.1017/S0022109020000538. Corrigendum published Vol 58 Issue 7 November 2023 https://doi.org/10.1017/S0022109023001102.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 5-Year Constant Maturity, Quoted on an Investment Basis (DGS5) from 1962-01-02 to 2025-11-13 about maturity, Treasury, 5-year, interest rate, interest, rate, and USA.