Structure and Role of Bond Markets

Table of Contents

1. Introduction


2. Structure of Australia’s bond market
2.1 Commonwealth government securities
2.2 Present trend of the CGS market
2.3 State and Territory government securities
2.4 Corporate bond securities


3. Functions of a bond market


4. Future of the Commonwealth government securities


5. Role of CGS in Australia’s bond market


6. Conclusion


7. References

8. Appendices
“Briefly describe the structure of Australia’s bond market and explain its role in the financial system”

1. Introduction
A Bond market plays a pivotal role in any developed financial system. And Australia is no exception. Australia today boasts of having one of the largest and most sophisticated debt instrument markets in Asia Pacific region. The Australian bond market has evolved over time to become an important source of finance for long term borrowers and a safety haven for risk averse investors...