Research Quarterly: Fixed Income, Fourth Quarter 2019

The U.S. fixed income markets are the largest in the world, comprising 39.4% of the $103 trillion securities outstanding across the globe, or $41 trillion (as of Sept. 2019). This is 1.9x the next largest market, the EU. U.S. market share has averaged 39.4% over the last 10 years, troughing at 37.4% in 2011 and peaking at 41.8% in 2015.

Download the full report for all data, tables and the chart book.

About the Report

A quarterly report containing brief commentary and statistics on total U.S. fixed income markets, U.S. Treasuries (UST), mortgage-backed securities (MBS), corporate bonds (corporates), municipal securities (munis), federal agency securities (agency), asset-backed securities (ABS), money markets (MM), repurchase agreements (repos) and secured overnight financing rate (SOFR).

Authors

SIFMA Research

  • Katie Kolchin, CFA, Director of Research
  • Justyna Podziemska
  • Ali Mostafa