ECB report on euro bonds and derivatives markets

26 June 2007

The ECB published a report on the euro bonds and derivatives markets which describes major developments in markets for euro-denominated bonds and related derivatives over the past eight years. It focuses on developments that are predominantly structural and, as such, of a longer-term nature.

The study shows that markets for euro-denominated bonds, although still young institutional arrangements, have already achieved a high level of efficiency. Private sector issuers are increasingly entering these markets as liquidity conditions improve. Electronic trading is advancing, and efficient derivatives markets complement bond trading. On a global level, the share of euro-denominated bonds in world bond markets is rising.

Study

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