As of December 2024, Japan held United States treasury securities totaling about 1.06 trillion U.S. dollars. Foreign holders of United States treasury debt According to the Federal Reserve and U.S. Department of the Treasury, foreign countries held a total of 8.5 trillion U.S. dollars in U.S. treasury securities as of December 2024. Of the total held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 759 billion U.S. dollars in U.S. securities. The U.S. public debt In 2023, the United States had a total public national debt of 33.2 trillion U.S. dollars, an amount that has been rising steadily, particularly since 2008. In 2023, the total interest expense on debt held by the public of the United States reached 678 billion U.S. dollars, while 197 billion U.S. dollars in interest expense were intra governmental debt holdings. Total outlays of the U.S. government were 6.1 trillion U.S. dollars in 2023. By 2029, spending is projected to reach 8.3 trillion U.S. dollars.

The yield on Canada 10Y Bond Yield eased to 3.25% on December 2, 2025, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.09 points and is 0.13 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Canada 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on December of 2025.

The yield on Canada 5 Year Bond Yield eased to 2.81% on December 2, 2025, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.08 points, though it remains 0.17 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Canada 5Y.

View market daily updates and historical trends for Canada 1 Year Treasury Bill Yield. Source: Bank of Canada. Track economic data with YCharts analytics.

View market daily updates and historical trends for Canada 3 Month Treasury Bill Yield. Source: Bank of Canada. Track economic data with YCharts analytics.

This table contains 29 series, with data for years 2009 - 2019 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada) Central government debt (29 items: A. Federal debt (accumulated deficit), (B - E); B. Net debt, (C - D); C. Liabilities, gross debt; Accounts payable and accrued liabilities; ...).

Government Debt in Canada increased to 1223.62 CAD Billion in 2024 from 1173.01 CAD Billion in 2023. This dataset provides - Canada Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Long-Term-Debt Time Series for AAON Inc. AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force, as well as online. AAON, Inc. was incorporated in 1987 and is headquartered in Tulsa, Oklahoma.

Total-Long-Term-Debt Time Series for Miller Industries Inc. Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment. It also provides transport trailers for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other similar operations. The company markets its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. It sells its products through independent distributors in North America, and Canada, Mexico; and through prime contractors to governmental entities. Miller Industries, Inc. was incorporated in 1990 and is headquartered in Ooltewah, Tennessee.

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ETF Market Size 2025-2029

The ETF market size is forecast to increase by USD 17.94 billion at a CAGR of 20.2% between 2024 and 2029.

The market continues to experience robust growth, with increasing institutional adoption and investor preference for cost-effective, diversified investment solutions. One of the key drivers propelling this market forward is the expansion of bond ETFs, blockchains which now account for over one-third of the total assets under management. This trend is expected to persist, as fixed income securities offer attractive yields in the current low-interest-rate environment. However, the market is not without its challenges. A significant concern is the potential for transaction risks, particularly in illiquid securities. This risk can lead to price discrepancies between the ETF's net asset value and its market price, potentially resulting in losses for investors.
Additionally, market volatility and sudden price movements can exacerbate these risks, making it crucial for market participants to closely monitor market conditions and adjust their strategies accordingly. Companies seeking to capitalize on the growth opportunities in the market while mitigating transaction risks may consider focusing on liquid securities and implementing robust risk management strategies.

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The exchange-traded fund (ETF) market continues to evolve, integrating advanced technologies and applications across various sectors. Machine learning algorithms enhance the investment process, enabling more precise index construction in fixed income ETFs. Currency ETFs leverage technology to offer real-time exposure to foreign exchange markets. Small businesses benefit from scalability and affordability, with increasing numbers turning to ETFs for diversified investment opportunities. Service providers and financial institutions collaborate to ensure financial market stability, offering innovative solutions for passive investing strategies, including index funds and index mutual funds.
The integration of artificial intelligence and blockchain technology further enhances ETF offerings, reducing transaction costs and improving security. The ongoing unfolding of market activities reveals evolving patterns in trade finance, international trade, and asset management. ETFs continue to adapt, providing investors with efficient and cost-effective investment vehicles.

How is this ETF Industry segmented?

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

Type

  Fixed income ETF
  Equity ETF
  Commodity ETF
  Real estate ETF
  Others


Product Type

  Large cap ETFs
  Mega cap ETFs
  Mid cap ETFs
  Small cap ETFs


End-User

  Retail Investors
  Institutional Investors


Investment Type

  Active
  Passive


Distribution Channel

  Brokerage Platforms
  Direct Sales


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Switzerland
    The Netherlands
    UK


  Middle East and Africa

    UAE


  APAC

    China
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The fixed income etf segment is estimated to witness significant growth during the forecast period.

In the dynamic securities markets of 2024, the fixed income Exchange-traded fund (ETF) emerged as a leading investment choice. This type of ETF, which invests in various fixed-income securities like corporate, municipal, and treasury bonds, is traded on a centralized stock exchange. In contrast, most corporate bonds are sold through bond brokers, limiting bond buyers' exposure to the stock exchange. Fixed income ETFs, however, provide extensive exposure, enabling investors to participate in the stock exchange's activity. These ETFs employ various technologies, such as Optical Character Recognition and Machine Learning, to ensure efficient trade processing and risk management.

Additionally, the integration of Blockchain technology enhances security and transparency. Fixed income ETFs cater to diverse investor needs, including small businesses seeking scalability and financial institutions aiming for financial market stability. The market offers various categories, such as Government Bond ETFs, which invest in government securities, and Currency ETFs, which provide exposure to foreign currencies. Furthermore, Real Estate ETFs, Commodity ETFs, and Alternative Trading Funds expand the investment universe. Service providers play a crucial role in facilitating these investment solutions, ensuring affordability through passive investing strategies and competitive transaction costs. Trade agreements and international

Debt-To-Capital-Ratio Time Series for Constellation Brands Inc Class A. Constellation Brands, Inc., together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company offers beer under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands. It also offers wine under the Cook's California Champagne, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, My Favorite Neighbor, Robert Mondavi Winery, Schrader, and The Prisoner Wine Company brands; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson's Green Brier, and SVEDKA brands. The company provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is based in Rochester, New York.

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Security Brokerage And Stock Exchange Services Market Size 2025-2029

The security brokerage and stock exchange services market size is forecast to increase by USD 917.8 billion at a CAGR of 9.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for exchange-traded funds (ETFs) and the popularity of online trading platforms. These trends reflect the evolving preferences of investors, who seek convenience, cost-effectiveness, and diversification in their investment portfolios. Simultaneously, regulatory compliance with trading activities is on the rise, necessitating brokerage firms and stock exchanges to invest in advanced technologies and processes to ensure adherence. Data analytics and big data are also crucial tools for e-brokerage firms to gain insights and make informed decisions. These trends and challenges are shaping the future of the market. These factors present both opportunities and challenges for market participants. Companies that can effectively leverage technology to streamline operations, enhance customer experience, and comply with regulations will gain a competitive edge. Additionally, users of online trading platforms can easily monitor the performance of their assets thanks to real-time stock data. 
Conversely, those that fail to adapt may face operational inefficiencies and regulatory penalties, potentially impacting their market position and reputation. To capitalize on these opportunities and navigate challenges, market players must remain agile, innovative, and committed to delivering value to their customers.

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The market encompasses a dynamic and intricate ecosystem of financial intermediaries facilitating the buying and selling of various securities, including equities, fixed income instruments, alternative investments, and digital assets. Market participants seek services such as commission rates and trading fees, account minimums, customer service, investment strategies, market insights, and personalized recommendations to optimize their portfolios. The market is witnessing significant growth due to the widespread use of smartphones and led technology, enabling investors to access real-time market data and trade securities such as ETFs and mutual funds from anywhere. Key trends include tax-efficient investing, estate planning, and the integration of advanced technologies like securities lending, prime brokerage, clearing and settlement, market making, order routing, and execution algorithms. Furthermore, the market is witnessing the emergence of innovative financial services, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and digital assets, which are transforming traditional investment paradigms.
Risk appetite, trading psychology, and behavioral finance play crucial roles in market sentiment, as investors navigate economic indicators, geopolitical risks, global markets, and emerging markets. Additionally, investment banking services, including debt financing, equity financing, corporate finance, financial reporting, corporate governance, and Environmental, Social, and Governance (ESG) investing, continue to be essential components of the market.

How is this Security Brokerage And Stock Exchange Services Industry segmented?

The security brokerage and stock exchange services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Channel

  Offline
  Online


Type

  Derivatives and commodities brokerage
  Equities brokerage
  Bonds brokerage
  Stock exchanges
  Others


Source

  Banks
  Investment firms
  Exclusive brokers


Geography

  North America

    US
    Canada


  APAC

    China
    India
    Japan
    Singapore


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa



  South America

By Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. Offline security brokerage and stock exchange services enable investors to collaborate with seasoned professionals, receiving customized advice based on their investment strategies and objectives. In this mode, investors can trade various securities, such as stocks, bonds, mutual funds, and more. One significant advantage of offline trading is the negotiation of security prices, which is not always feasible in online trading. This price negotiation can result in improved returns for investors, particularly those who benefit from the expertise of skilled brokers.

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The Offline segment was valued at

Snapshot img

Structured Finance Market Size 2025-2029

The structured finance market size is valued to increase by USD 1128.5 billion, at a CAGR of 11.9% from 2024 to 2029. Increasing demand for alternative investment products will drive the structured finance market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 42% growth during the forecast period.
By End-user - Large enterprises segment was valued at USD 771.40 billion in 2023
By Type - CDO segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 163.86 billion
Market Future Opportunities: USD 1128.50 billion
CAGR from 2024 to 2029 : 11.9%

Market Summary

The market is witnessing significant growth due to the increasing demand for alternative investment products. This trend is driven by investors' quest for yield and risk diversification, particularly in an era of low-interest rates. One notable development in this space is the increasing popularity of Environmental, Social, and Governance (ESG) linked structured finance products. These instruments offer investors the opportunity to align their investments with their values while also potentially achieving attractive returns. Another factor fueling market growth is the increasing complexity of structured finance products. As financial institutions seek to innovate and differentiate themselves, they are developing increasingly sophisticated structures to meet the evolving needs of their clients.
For instance, a leading global manufacturing company recently optimized its supply chain financing by implementing a structured finance solution. This enabled the company to improve its working capital position and enhance operational efficiency, resulting in a significant reduction in days sales outstanding (DSO) by 15%. Despite these opportunities, the market faces challenges, including regulatory compliance and counterparty risk. As financial regulations continue to evolve, institutions must ensure that their structured products comply with the latest rules and regulations. Additionally, managing counterparty risk remains a critical concern, particularly in the wake of the 2008 financial crisis. To mitigate these risks, institutions are increasingly leveraging technology and Data Analytics to assess and monitor counterparty risk in real-time.
In conclusion, the market is experiencing robust growth, driven by increasing demand for alternative investment products and the development of innovative structures. While challenges persist, institutions that can effectively navigate the complex regulatory landscape and manage counterparty risk will be well-positioned to capitalize on the opportunities in this dynamic market.

What will be the Size of the Structured Finance Market during the forecast period?

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How is the Structured Finance Market Segmented ?

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

End-user

  Large enterprises
  SMEs


Type

  CDO
  Asset-backed securities
  Mortgage-backed securities


Product

  Loans
  Bonds
  Mortgages
  Credit card and trade receivables
  Others


Application Type

  Real Estate
  Automotive
  Consumer Credit
  Infrastructure


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

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

In the dynamic world of structured finance, major enterprises play a pivotal role, engaging in intricate financing agreements to manage their capital and mitigate risk. Structured finance transactions involve the combination of various financial instruments, including bonds, mortgages, and loans, which are then securitized and sold to investors. This process enables businesses to raise capital by transferring related risks, with large businesses often serving as the original creators of the underlying assets. The market is characterized by ongoing activities and evolving patterns. For instance, portfolio risk management strategies involve the use of credit derivatives, such as credit default swaps and interest rate swaps, for hedging purposes.

Leveraged finance and Private Equity financing employ synthetic securitization techniques, like structured notes and synthetic collateralized debt obligations, to optimize capital structures. Credit rating agencies assess credit risk, while investment grade ratings provide benchmarks for investors. Liquidity management and due diligence processes

Short-Term-Debt Time Series for GameStop Corp.. GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and e-commerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, and gaming headsets; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It sells collectibles comprising apparel, toys, trading cards, gadgets, and other retail products for pop culture and technology enthusiasts. The company operates stores and e-commerce sites under the GameStop, EB Games, and Micromania brands; and pop culture themed stores that sell collectibles, apparel, gadgets, electronics, toys, and other retail products under the Zing Pop Culture brand. The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas.

Funds-From-Operation-To-Total-Debt Time Series for Campbell’s Co. The Campbell's Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. It operates through Meals & Beverages, and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; V8 juices and beverages; Campbell's tomato juice; Rao's pasta sauces, dry pasta, frozen entrées, frozen pizza, and soups; and Michael Angelo's frozen entrées and pasta sauces, as well as snacking products in foodservice in Canada. Its Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products, that includes Goldfish crackers, Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, and other snacking products. This segment is also involved in the snacking, and meals and beverage retail business in Latin America. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience and dollar stores, e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors. The company was formerly known as Campbell Soup Company and changed its name to The Campbell's Company in November 2024. The Campbell's Company was founded in 1869 and is headquartered in Camden, New Jersey.

Total-Debt-To-Ebitda Time Series for Perma-Pipe International Holdings Inc. Perma-Pipe International Holdings, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the Middle East, North Africa, Europe, India, and internationally. The company offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines. It also provides liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including bends, reducers, tees, and other spools/fittings used in pipelines for the transportation of oil and gas products and potable water. The company was formerly known as MFRI, Inc. and changed its name to Perma-Pipe International Holdings, Inc. in March 2017. Perma-Pipe International Holdings, Inc. was incorporated in 1993 and is headquartered in The Woodlands, Texas.