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).

Graph and download economic data for Market Value of Marketable Treasury Debt (MVMTD027MNFRBDAL) from Jan 1942 to Sep 2025 about market value, debt, Treasury, and USA.

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.

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 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.

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).

Of the nearly ** trillion U.S. dollars of marketable U.S. treasury securities that were outstanding as of June 2025, ************** were for treasury notes. Treasury notes have maturities of two, three, five, seven or 10 years, and have a coupon payment every six months. This contrasts to treasury bills, with maturity of one year or less, and treasury bonds, which have a maturity of 30 years.

This dataset compiles national-level municipal bond issuance and pricing statistics for the United States, sourced from the Securities Industry and Financial Markets Association (SIFMA). It includes time-series data on municipal bond issuance volumes, average yields, interest rates, and maturity structures, aggregated on a monthly and annual basis. The dataset provides critical macro-financial context for evaluating subnational debt trends, especially in the context of climate adaptation investments and fiscal resilience. In particular, it supports comparative analysis between local climate-related borrowing (e.g., FEMA-backed projects) and national municipal debt trends, serving as a benchmark for assessing changes in risk premiums, cost of capital, and investor behavior. This file was used to calibrate yield spreads in empirical models evaluating the market response to federally co-funded nature-based infrastructure.

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).

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.

Sovereign Bonds Market Outlook

According to our latest research, the global sovereign bonds market size reached USD 26.8 trillion in 2024, reflecting the continued dominance of government debt securities in global capital markets. The market is projected to grow at a CAGR of 6.1% from 2025 to 2033, with the total market size expected to reach USD 45.8 trillion by 2033. This expansion is being driven by robust demand from institutional investors, persistent fiscal deficits, and the need for governments to fund large-scale infrastructure and social programs. The growth of the sovereign bonds market is also underpinned by the increasing integration of emerging economies into the global financial system, alongside heightened risk aversion among investors seeking safe-haven assets.

One of the primary growth factors for the sovereign bonds market is the heightened demand for low-risk investment vehicles, particularly during periods of global economic uncertainty. Sovereign bonds, issued by national governments, are widely regarded as among the safest asset classes due to their backing by the full faith and credit of the issuing state. As central banks in major economies maintain accommodative monetary policies and investors seek to hedge against market volatility, allocations to sovereign bonds have increased significantly. Furthermore, regulatory requirements for financial institutions, such as Basel III liquidity coverage ratios, have compelled banks and insurers to hold substantial amounts of high-quality liquid assets, further reinforcing demand for government securities.

Another critical driver is the substantial fiscal stimulus measures enacted by governments worldwide in response to economic disruptions, such as the COVID-19 pandemic and ongoing geopolitical tensions. These measures have led to a surge in sovereign debt issuance, as countries seek to finance stimulus packages, healthcare expenditures, and economic recovery programs. The sovereign bonds market has therefore become a vital conduit for channeling capital from global investors into public sector projects, supporting both economic stability and long-term development. Moreover, the growing prominence of green and social bonds within sovereign issuance programs reflects an increasing alignment between public finance and sustainable development objectives, broadening the market’s appeal to ESG-focused investors.

The sovereign bonds market also benefits from technological advancements and financial innovation, which have enhanced market transparency, accessibility, and efficiency. The digitalization of bond issuance and trading platforms has enabled a broader spectrum of investors, including retail participants, to access sovereign debt markets. Additionally, the adoption of electronic book-building processes and blockchain-based settlement systems has streamlined primary and secondary market operations, reducing transaction costs and settlement risks. These innovations are fostering greater market participation and liquidity, thereby strengthening the overall resilience and attractiveness of sovereign bonds as a core asset class.

Regionally, the sovereign bonds market exhibits considerable diversity in terms of issuance volumes, investor bases, and yield dynamics. North America and Europe remain the largest markets, accounting for the majority of outstanding sovereign debt, driven by the United States, Germany, France, and the United Kingdom. However, the Asia Pacific region is witnessing the fastest growth, fueled by the rising fiscal needs of China, Japan, India, and Southeast Asian economies. Emerging markets in Latin America and the Middle East & Africa are also increasing their presence, albeit from a lower base, as they tap international capital markets to finance development initiatives. This regional diversification is contributing to a more balanced and resilient global sovereign bonds market.

Type Analysis

The sovereign bonds market is characterized by a wide array of bond types, each tailored to meet specific

China Market Capitalization: Shenzhen SE: Treasury Bond data was reported at 21,506,407.895 RMB mn in Dec 2017. This records an increase from the previous number of 21,203,939.435 RMB mn for Nov 2017. China Market Capitalization: Shenzhen SE: Treasury Bond data is updated monthly, averaging 3,472,562.343 RMB mn from Jan 2003 (Median) to Dec 2017, with 180 observations. The data reached an all-time high of 21,506,407.895 RMB mn in Dec 2017 and a record low of 820.221 RMB mn in Jan 2003. China Market Capitalization: Shenzhen SE: Treasury Bond data remains active status in CEIC and is reported by Shenzhen Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZD: Listed Bond Market Capitalization.

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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?

Get Key Insights on Market Forecast (PDF) Request Free Sample

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

The United States Capital Market Exchange Market is Segmented by Type of Market (Primary Market and Secondary Market), by Capital Market (Stocks and Bonds), and by Stock Type (Common & Preferred Stock, and Other), by Bond Type (Government Bonds, Corporate Bonds, and Other), and by Geography (Northeast, Midwest, and Other). The Market Forecasts are Provided in Terms of Value (USD).

In 2018, the average total volume of treasury securities traded per day was over 547 billion U.S. dollars. This means that every day the market was open, the average amount of U.S. government securities bought and sold amounted to half a trillion U.S. dollars in that year.

What are treasury securities?

Treasury securities are U.S. government debt, bonds sold to finance the United States government. Since the United States is seen as a guaranteed investment, these bonds are often used by large financial firms as collateral. The yield on a Treasury bond is minimal, but these institutions often do not hold them until maturity, instead trading them on secondary market.

Other options

The federal funds rate is the rate the Federal Reserve charges banks for overnight loans. Other assets, such as mortgaged backed securities, can also be used like treasury securities. Mortgage backed securities are bundles of home loans packaged together. Such bundling makes the overall security safer, unless there is a systemic shock to the housing market which would undermine the entire package.

A table that shows in detail by CUSIP, the interest rate, the STRIP CUSIP, maturity date, and amounts outstanding for securities held in unstripped form, stripped form and amount that have been reconstituted. STRIP stands for Separate Trading of Registered Interest and Principal of Securities. This is a security that has been stripped down into separate securities representing the principal and each interest payment. Each payment has its own identification number and can be traded individually. These securities are also known as zero-coupon bonds.

A table that shows in detail by CUSIP, interest rate, the issue date, maturity date, interest payment dates and amounts outstanding for unmatured Bills, Notes, Bonds, Treasury Inflation-Protected Securities and Floating Rate Notes as of the last business day of the month.

Corporate Bond Market Outlook

According to our latest research, the global corporate bond market size reached USD 13.2 trillion in 2024, reflecting the robust appetite for fixed-income securities among investors worldwide. The market is projected to grow at a CAGR of 6.1% from 2025 to 2033, reaching a forecasted value of USD 22.4 trillion by 2033. This growth trajectory is underpinned by increasing corporate financing needs, persistent low interest rate environments in key economies, and the ongoing diversification strategies of institutional investors seeking stable returns and risk mitigation.

One of the primary growth drivers for the corporate bond market is the rising demand for alternative investment vehicles among institutional investors. Pension funds, insurance companies, and sovereign wealth funds are increasingly allocating larger portions of their portfolios to corporate bonds, attracted by the relatively higher yields compared to government securities. In addition, the growing sophistication of credit risk assessment tools and enhanced market transparency have made corporate bonds more accessible and attractive to a broader range of investors. The expansion of emerging markets, where corporations are turning to bonds as a means of raising capital for expansion and innovation, is also contributing significantly to the overall market growth.

Another critical factor fueling the growth of the corporate bond market is the evolving regulatory landscape. Regulatory reforms, such as Basel III and Solvency II, have encouraged financial institutions to maintain higher capital buffers, prompting them to invest in liquid and high-quality assets like investment-grade corporate bonds. Moreover, the proliferation of sustainable finance initiatives has led to a surge in the issuance of green and social bonds by corporations aiming to align with environmental, social, and governance (ESG) criteria. This trend is not only expanding the market but also attracting a new class of investors focused on responsible investing.

Technological advancements are also playing a pivotal role in the transformation of the corporate bond market. The adoption of electronic trading platforms, blockchain-based settlement systems, and advanced data analytics has streamlined the issuance, trading, and settlement processes. These innovations have enhanced market liquidity, reduced transaction costs, and increased transparency, making corporate bonds more accessible to both institutional and retail investors. Furthermore, the rise of online platforms and fintech solutions is democratizing access to corporate bonds, enabling a broader investor base to participate in this dynamic market.

From a regional perspective, North America continues to dominate the corporate bond market owing to the presence of mature capital markets, a large base of institutional investors, and a favorable regulatory environment. However, Asia Pacific is rapidly emerging as a key growth engine, driven by economic expansion, financial market liberalization, and increasing corporate bond issuances in countries like China, Japan, and India. Europe also remains a significant market, supported by robust investor demand and the widespread adoption of ESG principles. Meanwhile, Latin America and the Middle East & Africa are witnessing gradual growth, fueled by infrastructure development and efforts to deepen local capital markets.

Type Analysis

The corporate bond market can be broadly segmented by type into investment grade and high yield bonds. Investment grade bonds, which are issued by corporations with strong credit ratings, constitute the largest segment due to their lower risk profile and stable returns. These bonds are particularly favored by risk-averse investors such as pension funds, insurance companies, and central banks. The demand for investment grade bonds has been further bolstered by regulatory requirements mandating higher allocations to high-quality assets, as well as the growing emphasis on

Graph and download economic data for Market Yield on U.S. Treasury Securities at 20-Year Constant Maturity, Quoted on an Investment Basis (DGS20) from 1962-01-02 to 2025-11-28 about 20-year, maturity, Treasury, interest rate, interest, rate, and USA.

A table that summarizes the amounts outstanding for all the securities issued by the Bureau of the Fiscal Service that makes up the Total Public Debt Outstanding amount.