According to the Irish Association of Pension Funds (IAPF) newsletter
published in the summer of 2004, the size of the global bond market at
the end of 2003 was US$45 trillion.
?The size of the global bond market at the end of 2003 was US$45 trillion. The
United States, which makes up 47.6% of the world bond market, grew in local
currency terms by 14.4% in 2003 . The share of government issues in the world
bond market reached 29.6% in 2003, reflecting growth for the first time since
1995, and with the widening of fiscal deficits in the US, UK and Eurozone, this
trend should continue.?
Irish Association of Pension Funds (IAPF): Summer 2004 Newsletter
From PWL Capital Inc:
?The world bond market is larger than equity markets, with a U.S.
dollar market value of $49 trillion versus $35 trillion.?
PWL Capital Inc. Report published in the fall of 2004
According to a publication by International Financial Services, London,
the value of the global bond market was $35 trillion in September 2003.
Excerpt from page 11:
?The global bond market has more than doubled in size during the last
decade. The bulk of the market is in domestic bonds where bonds are
issued by companies in their own country and local currency, but the
share of international bond issues in the total bond market has risen
in recent years. The total value of bonds issued worldwide exceeded
$35 trillion in September 2003.?
International Financial Services, London
World OR global OR international bond market +trillion
I hope this helps