Bonds

Without understanding the bond market, you cannot understand the stock market either.

Bonds generally fall in price when interest rates rise and inflation expectations rise (= bond yields rise), and rise in price when interest rates fall and inflation expectations fall.

Bond market size: The bond market is larger than the stock market. According to estimates by the Securities Industry and Financial Markets Association (SIFMA), the global stock market was $105 trillion at the end of 2020, while the bond market was $123.5 trillion. In the U.S., the stock market is $40.7 trillion and the bond market is $47.2 trillion.

• By maturity
  • short-term bond - Because maturity is short, the impact is relatively small even when interest rates rise.
  • Long-term bond
• By issuer
  • corporate bond
    • Investment-grade corporate bond
    • speculative-grade corporate bond
• Portfolio
  • Ladder
  • Bullet
  • Barbell
• Spread
  • Credit spread - The difference between Treasury bond and corporate bond yields is the credit spread.
  • High-yield spread - The difference between investment-grade and high-yield corporate bond yields is the high-yield spread.

Other

• Municipal Bond
• Special Bond (Specific Laws Bond)
• Financial Bond

Related Topics

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Related Links

• Korea-US Bond Yield Curve
• Korea Treasury Bond Yield Curve
• Treasury - A-rated Corporate Bond Rate Spread
• Moody's Corporate Bond Spread

Topics: -e ishares 20 plus year treasury bond etf
Category: Wiki/Economy