0
0
Overview of the Global Bond Market
The global bond market witnessed a remarkable expansion in 2022, reaching a staggering size of $133 trillion. Interestingly, the United States emerges as a key player in this arena, commanding a substantial share of the market. Recent data from the World Economic Forum indicates that the US bond market amounts to $51.3 trillion, constituting approximately 39% of the total global bond market.
Bond Market Rankings by Country/Region
Delving deeper into the specifics, the ranking of countries/regions based on their respective total debt outstanding within the bond market unveils interesting insights. The breakdown is as follows:
- 1. US: With a total debt outstanding of $51.3 trillion, the United States reigns supreme, holding a sizeable 39% share of the global bond market.
- 2. China: Following the US is China, with a total debt of $20.9 trillion, representing a 16% share.
- 3. Japan: Japan secures the third spot with a total debt of $11.0 trillion, comprising an 8% share.
- 4. France: France holds a total debt of $4.4 trillion, capturing a 3% share.
- 5. United Kingdom: The United Kingdom’s total debt amounts to $4.3 trillion, constituting 3% of the global bond market.
- 6. Canada: Canada follows closely behind with a total debt of $4.0 trillion, holding a 3% share.
- 7. Germany: Germany’s total debt stands at $3.7 trillion, representing 3% of the global bond market.
- 8. Italy: Italy holds a total debt of $2.9 trillion, capturing a 2% share.
- 9. Cayman Islands: The Cayman Islands have a total debt of $2.7 trillion, constituting a 2% share.
- 10. Brazil: Lastly, Brazil holds a total debt of $2.4 trillion, representing 2% of the global bond market.
Source: World Economic Forum
Insights into the US Bond Market
It is essential to highlight that the $51.3 trillion figure pertaining to the US bond market encompasses various components, including government debt and debt issued by corporations, municipalities, and other entities, as outlined by the World Economic Forum. Conversely, the US national debt, specifically denoting the debt owed by the federal government, currently amounts to $34.6 trillion.
Despite the significant dominance of the US bond market, recent comparisons with the digital assets space, particularly Bitcoin ETFs, reveal an intriguing trend. A comparative study of the performance of the largest US bond ETFs and Bitcoin ETFs exposes noteworthy findings. According to data shared by HODL15Capital, the nine largest US bond ETFs, with combined assets nearing $450 billion, are currently witnessing either stagnant or negative year-to-date returns. In contrast, the four leading Bitcoin ETFs have demonstrated an impressive 44% gain over a corresponding period, although their asset size remains relatively modest in comparison to bond ETFs.
Disclaimer: The insights presented by HODL15Capital are based on data available as of April 5.
The United States undeniably holds a significant portion of the global bond market, reflecting its substantial presence and influence within the financial realm.
Image/Photo credit: source url
