The Global Bond Market is Segmented by Type (Treasury Bonds, Municipal Bonds, Corporate Bonds, High-Yield Bonds, Mortgage-Backed Securities, and More), by Issuer (Public Sector Issuers, Private Sector Issuers), by Sectors (Energy and Utilities, Technology, Media and Telecom, Healthcare, Consumers, Industrial, Real Estate and More), and Region. The Market Forecasts are Provided in Terms of Value (USD).

The Corporate Bond Market report segments the industry into By Type Of Bonds (Investment-Grade Corporate Bond Funds, High-Yield Corporate Bond Funds, Sector-Specific Corporate Bond Funds), By Investor Type (Institutional Investors, Retail Investors), and By Geography (North America, Europe, Asia Pacific, South America, Middle East). Get historical data covering five years and forecasts for the next five years.

Global bond market was valued at USD 141.34 Trillion in 2024 and is expected to reach USD 166.81 Trillion by 2030 with a CAGR of 2.8% during the forecast period.

As of 2023, the United States had the largest bond market worldwide, accounting for nearly 40 percent of the total. The European Union was second in the ranking, accouting for almost one fifth of the total outstanding value of corporate and government bonds worldwid, followed by China with 16.3 percent.

The global high-yield bonds market size reached approximately USD 5.31 Trillion in 2024. The market is projected to grow at a CAGR of 4.30% between 2025 and 2034, reaching a value of around USD 8.09 Trillion by 2034.

Tier 2 Capital Bonds Market Outlook

According to our latest research, the global Tier 2 Capital Bonds market size reached USD 413.2 billion in 2024, reflecting a robust growth trajectory driven by regulatory requirements and the ongoing need for capital adequacy in the financial sector. The market is witnessing a compound annual growth rate (CAGR) of 6.1% from 2025 to 2033. By the end of 2033, the Tier 2 Capital Bonds market is forecasted to achieve a valuation of USD 701.7 billion. This significant expansion is primarily attributed to evolving Basel III regulations, heightened demand for risk-weighted capital instruments, and the growing participation of institutional investors in emerging markets.

The growth of the Tier 2 Capital Bonds market is fundamentally underpinned by the increasing regulatory emphasis on strengthening the capital base of financial institutions. Basel III and other global regulatory frameworks have imposed more stringent capital requirements, compelling banks and financial institutions to bolster their capital adequacy ratios through the issuance of Tier 2 instruments. These bonds, serving as supplementary capital, not only enhance the resilience of the financial system but also provide issuers with a cost-effective solution to meet regulatory thresholds. As a result, the market for Tier 2 Capital Bonds has seen a marked uptick in issuance volumes, particularly among systemically important banks seeking to maintain compliance and investor confidence in an evolving regulatory environment.

Another critical growth factor for the Tier 2 Capital Bonds market is the diversification of funding sources by financial institutions. In an era characterized by volatile interest rates and fluctuating economic cycles, banks and insurance companies are increasingly leveraging Tier 2 instruments to optimize their capital structures. These bonds offer a balance between risk and reward, appealing to both issuers and investors seeking yield enhancement and credit protection. The flexibility in terms, such as subordination and loss-absorption features, has further fueled investor appetite, especially among institutional investors who are constantly seeking to diversify their fixed-income portfolios. This trend is further amplified by the growing sophistication of capital markets in emerging economies, where local regulatory authorities are aligning with global best practices.

Technological advancements and digitalization within the financial services sector have also played a pivotal role in the expansion of the Tier 2 Capital Bonds market. The adoption of advanced analytics, blockchain, and digital issuance platforms has streamlined the process of bond issuance, distribution, and monitoring, reducing operational costs and enhancing transparency. These technological innovations have facilitated broader market participation, enabling issuers to reach a wider pool of investors, including retail participants who were previously less involved in such instruments. As digital finance continues to evolve, the accessibility and attractiveness of Tier 2 Capital Bonds are expected to increase, further propelling market growth over the next decade.

Regionally, the Asia Pacific market stands out as a major growth engine, driven by rapid financial sector development, regulatory reforms, and a burgeoning investor base. Countries such as China, India, and Southeast Asian economies are witnessing a surge in Tier 2 bond issuances as local banks strive to align with international capital standards. Meanwhile, North America and Europe remain mature markets with steady issuance activity, underpinned by a stable regulatory environment and sophisticated capital markets. Latin America and the Middle East & Africa are emerging as promising regions, albeit at a relatively nascent stage, with increasing cross-border investments and regulatory convergence supporting incremental growth in Tier 2 Capital Bonds adoption.

In the context of the evolving financial landscape, Convertible Bond Issuance Advisory services have become increasingly vital for institutions looking to optimize their capital strategies. These advisory services provide tailored solutions for structuring and issuing convertible bonds, which offer the dual benefits of debt and equity. By leveraging expert insights and market analysi

The Global Green Bonds Market is Segmented by Issuer Type (Sovereigns, Supranationals & Agencies, Financial Corporates, Non-Financial Corporates, and Municipal & Local Authorities), Use-Of-Proceeds Sector (Energy, Buildings, Transport, Water & Wastewater, and More), Bond Format (Senior Unsecured, Asset-backed/Project Bond, Covered Bond, and More), and Geography. The Market Forecasts are Provided in Value (USD).

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.

Global green bond market was valued at USD 653.89 Billion in 2024 and is expected to reach USD 1026.17 Billion by 2030 with a CAGR of 7.8% during the forecast period.

Global Green Bonds market size is expected to reach $797.71 billion by 2029 at 10.8%, segmented as by corporate bond, green corporate bonds by private companies, green bonds issued by publicly listed corporations

The U.S. dollar was the currency most commonly used for deals on the international debt capital market in the fourth quarter of 2024. At that time, the value of deals in that currency was 639 billion U.S. dollars. What is debt capital market? The debt market is the part of the capital market on which fixed-interest securities are traded. These securities include, for example, government, municipal, corporate or mortgage bonds. It allows the companies and governments to raise capital through issuance of debt securities. In case a company or a government decides to collect additional money on debt capital market, it issues debt securities and sells them to investors. Depending on financial situation of the company issued bonds can obtain different ratings. The better the company is perceived in the market, the lower interest rates it has to pay for raised capital. Other ways of raising capital Some companies can access money via venture capital or private equity funding, where money comes from high net worth individuals, investment funds, banks or other financial institutions. For larger and well-established companies going public can be an option and raising money among investors. This process is called initial public offering (IPO).

In the first quarter of 2025, the value of the international debt capital market transactions amounted to nearly *** trillion U.S. dollars. The debt market is the part of the capital market on which fixed-interest securities are traded. These securities include, for example, government, municipal, corporate or mortgage bonds. Bonds – additional information The bond market, also known as the credit or fixed income market, is a market that trades in debt. The two most well known parts of the bond market are the primary and secondary capital markets. The primary market is the market that deals with the issuance of new securities and is an important part of the financial markets system. The bonds issued on the primary market are subsequently traded on the secondary markets. A bond is an instrument of indebtedness. The issuer of the bond is obliged to pay the bond holder the principal amount and the pre-agreed interest when the bond reaches maturity. The interest rates are generally payable at fixed intervals. Bonds provide the borrower with external funds in order to finance long-term investments, or, where government bonds are concerned, to finance government expenditure. Bonds are most often bought and traded by institutions such as central banks, pension funds or hedge funds. They are generally seen as being less volatile that stocks, especially the short and medium termed bonds. Bonds suffer from less day-to-day volatility than stocks but are still subject to risk. They are subject to credit and liquidity risks, among others.

Social Bond Market Outlook

As per our latest research, the global Social Bond market size reached USD 518.7 billion in 2024, demonstrating robust momentum in the sustainable finance sector. The Social Bond market is experiencing a compound annual growth rate (CAGR) of 13.4% and, at this pace, is forecasted to reach USD 1,461.6 billion by 2033. This expansion is being propelled by increased investor demand for responsible investment vehicles, government initiatives to address pressing social issues, and the integration of environmental, social, and governance (ESG) criteria into mainstream financial strategies.

The primary growth driver for the Social Bond market is the escalating global focus on social welfare and sustainable development. In the wake of the COVID-19 pandemic, governments, corporations, and non-profit organizations have intensified their efforts to combat societal challenges, such as healthcare access, affordable housing, and food security. Social Bonds, which channel capital into projects with measurable social outcomes, have emerged as a preferred financing mechanism. The rise in impact-driven investing is further reinforced by regulatory frameworks and reporting standards that enhance transparency and accountability, making Social Bonds an attractive proposition for both issuers and investors. The alignment of Social Bonds with the United Nations Sustainable Development Goals (SDGs) has also fueled market growth, as stakeholders seek to demonstrate tangible contributions to global social objectives.

Another significant factor bolstering the Social Bond market is the increasing participation of institutional investors. Pension funds, insurance companies, and asset managers are under mounting pressure from beneficiaries and regulators to integrate ESG considerations into their portfolios. Social Bonds offer a unique opportunity to align financial returns with positive social impact, thus attracting large-scale capital inflows. Moreover, the proliferation of innovative bond structures, such as Social Impact Bonds and Sustainability Bonds, has broadened the market’s appeal. These instruments not only finance traditional social infrastructure but also support innovative solutions in education, employment generation, and healthcare. As the market matures, enhanced data analytics and impact measurement methodologies are enabling investors to assess the efficacy of social projects, further driving confidence and investment.

The supportive policy environment is also a critical growth catalyst for the Social Bond market. Governments across regions are introducing incentives, subsidies, and regulatory frameworks to encourage the issuance and investment in Social Bonds. For instance, the European Union’s Social Bond framework and similar initiatives in Asia Pacific and North America are setting benchmarks for best practices and transparency. Additionally, central banks and supranational organizations are increasingly participating as anchor investors, reducing perceived risks and catalyzing private sector involvement. The synergy between public and private sector efforts is fostering a robust pipeline of social projects, ensuring a steady supply of investable opportunities and underpinning the market’s sustained expansion.

Regionally, Europe continues to dominate the Social Bond market, accounting for the largest share in 2024, followed by North America and Asia Pacific. The European market benefits from strong regulatory backing, a mature investor base, and a well-established ecosystem for sustainable finance. North America is witnessing rapid growth, driven by increasing awareness of social inequality and active participation from both governmental and corporate issuers. Asia Pacific is emerging as a high-growth region, propelled by rising social needs, urbanization, and supportive government initiatives. Latin America and the Middle East & Africa are also showing promising signs, albeit from a lower base, as social investment frameworks gain traction and cross-border collaborations increase. This regional diversification is expected to contribute significantly to the global Social Bond market’s resilience and long-term growth.

Indonesia Capital Market: Bonds Market: Average Daily Trading Volume: Corporation data was reported at 2,894.798 IDR bn in Feb 2025. This records an increase from the previous number of 2,331.438 IDR bn for Jan 2025. Indonesia Capital Market: Bonds Market: Average Daily Trading Volume: Corporation data is updated monthly, averaging 1,731.000 IDR bn from Dec 2017 (Median) to Feb 2025, with 87 observations. The data reached an all-time high of 4,312.104 IDR bn in Oct 2023 and a record low of 794.000 IDR bn in Jan 2018. Indonesia Capital Market: Bonds Market: Average Daily Trading Volume: Corporation data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI020: Financial System Statistics: Capital Market Sector.

As of 2021, the total size of the Indian GSS market stood at **** billion U.S. dollars. Green bonds accounted for a majority of GSS bonds' market size. Social and sustainability (S and S) bonds amounted to over *** billion U.S. dollars cumulatively. A GSS bond is a debt instrument, the proceeds from which fund an environmental or social project. The bond proceeds are, for example, invested across ventures related to renewable energy, clean transport, green buildings, etc.

The Europe Green Bonds Market would witness market growth of 9.1% CAGR during the forecast period (2024-2031). The Germany market dominated the Europe Green Bonds Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $99,239 million b

The global ESG bonds market is projected to reach a valuation of approximately USD 2 trillion by 2033, growing at a compound annual growth rate (CAGR) of 12% from 2025 to 2033.

In 2023, the green bond issuance in China exceeded ** billion U.S. dollars, while Germany came in second with ** billion U.S. dollars worth of green bonds. Green bonds are fixed-income instruments which are specifically designed to raise money for climate and environmental projects.

Global Bond is segmented by Application (Investment, Hedging, Corporate Financing, Infrastructure, International Trade), Type (Government, Corporate, Municipal, High-Yield, Treasury) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

India Corporate Bonds: Outstanding: Volume data was reported at 35,639.000 Unit in Dec 2024. This records a decrease from the previous number of 36,486.000 Unit for Sep 2024. India Corporate Bonds: Outstanding: Volume data is updated quarterly, averaging 23,943.000 Unit from Jun 2010 (Median) to Dec 2024, with 59 observations. The data reached an all-time high of 36,486.000 Unit in Sep 2024 and a record low of 11,528.000 Unit in Jun 2010. India Corporate Bonds: Outstanding: Volume data remains active status in CEIC and is reported by Securities and Exchange Board of India. The data is categorized under India Premium Database’s Financial Market – Table IN.ZD012: Securities and Exchange Board of India: Outstanding Corporate Bonds.