USA: bonds
The U.S. government bond market is the largest in the world, and is among the most reliable and liquid ones. The range of maturities in the market is from 1 to 30 years. The medium-term segment of the market is represented by Treasury notes (Notes) with tenors not exceeding 10 years. The long segment consists of Treasury bonds (Bonds) with maturities of 20 and 30 years. There also are securities with a coupon rate indexed to inflation in the country (TIPS).
The short segment of the market consists of Treasury bills, securities maturing in one year or less. Bills are sold at a discount or at par (face value).
To finance the public debt the U.S. Treasury sells bonds to institutional and individual investors through public auctions. Treasury auctions occur regularly and have a set schedule. There are three steps to an auction: announcement of the auction, bidding, and issuance of the purchased securities.
The short segment of the market consists of Treasury bills, securities maturing in one year or less. Bills are sold at a discount or at par (face value).
To finance the public debt the U.S. Treasury sells bonds to institutional and individual investors through public auctions. Treasury auctions occur regularly and have a set schedule. There are three steps to an auction: announcement of the auction, bidding, and issuance of the purchased securities.
Outstanding bond issues
| Сurrency | Outstanding bond issues | Cumulative volume |
|---|---|---|
| sovereign | ||
| USD | 577 | 15 292 252 712 800 |
| municipal | ||
| USD | 270 | 17 120 342 179 |
| corporate | ||
| USD | 23011 | 9 601 328 739 870 |
| EUR | 734 | 508 550 590 000 |
| GBP | 166 | 84 959 413 000 |
| AUD | 147 | 53 562 374 000 |
| INR | 97 | 232 383 400 000 |
| JPY | 84 | 1 977 270 000 000 |
| TRY | 72 | 14 816 470 000 |
| MXN | 70 | 127 118 280 000 |
| CHF | 64 | 21 030 000 000 |
| CAD | 62 | 43 606 325 000 |
| BRL | 61 | 8 255 585 000 |
| RUB | 54 | 94 212 900 000 |
| ZAR | 44 | 62 800 030 000 |
| CNY | 35 | 15 817 540 000 |
| HKD | 31 | 15 136 000 000 |
| ILS | 29 | 12 263 228 005 |
| NZD | 27 | 9 538 023 000 |
| IDR | 23 | 16 972 162 000 000 |
| NOK | 19 | 16 518 500 000 |
| COP | 19 | 1 996 350 000 000 |
| SEK | 18 | 15 235 000 000 |
| UAH | 10 | 2 526 664 870 |
| PEN | 7 | 479 300 000 |
| SGD | 7 | 2 701 570 000 |
| RON | 7 | 431 000 000 |
| ITL | 6 | 3 725 000 000 000 |
| PLN | 5 | 318 000 000 |
| MYR | 4 | 218 000 000 |
| CRC | 4 | 14 400 000 000 |
| CLP | 4 | 72 400 000 000 |
| UZS | 3 | 240 000 000 000 |
| EGP | 3 | 1 365 000 000 |
| PHP | 3 | 6 450 000 000 |
| NGN | 3 | 7 000 000 000 |
| DEM | 3 | 1 200 000 000 |
| UYU | 2 | 1 728 000 000 |
| GHS | 2 | 74 000 000 |
| ZMW | 2 | 417 500 000 |
| KZT | 2 | 9 577 000 000 |
| ARS | 2 | 2 724 000 000 |
| CZK | 2 | 950 000 000 |
| SAR | 1 | 555 000 000 |
| NAD | 1 | 180 000 000 |
| JMD | 1 | 12 000 000 000 |
| RWF | 1 | 15 000 000 000 |
| DOP | 1 | 450 000 000 |
News and comments
×
Registration required. Please log in or fill in the registration form.
Latest bond issues
| issue | ISIN | coupon | volume | end of placement | maturity date |
|---|---|---|---|---|---|
| Farmer Mac, 1.75% 27jul2020, USD - Domestic bonds | US3132X0NU12 | 1.75% | 25 000 000 USD | 01/19/2027 | 07/27/2020 |
| Federal Farm Credit Banks, FRN 27dec2019, USD - Domestic bonds | US3133EJC562 | PRIME-2.99% | 50 000 000 USD | 09/27/2018 | 12/27/2019 |
| Federal Farm Credit Banks, 4.15% 27sep2038, USD - Domestic bonds | US3133EJC802 | 4.15% | 20 000 000 USD | 09/27/2018 | 09/27/2038 |
| Federal Farm Credit Banks, 3.23% 27sep2022, USD - Domestic bonds | US3133EJC984 | 3.23% | 75 000 000 USD | 09/27/2018 | 09/27/2022 |
| Federal Farm Credit Banks, 3.66% 26sep2025, USD - Domestic bonds | US3133EJB994 | 3.66% | 50 000 000 USD | 09/26/2018 | 09/26/2025 |
| Federal Farm Credit Banks, 4% 26sep2033, USD - Domestic bonds | US3133EJC232 | 4% | 50 000 000 USD | 09/26/2018 | 09/26/2033 |
| Federal Farm Credit Banks, 3.67% 26sep2033, USD - Domestic bonds | US3133EJC729 | 3.67% | 15 000 000 USD | 09/26/2018 | 09/26/2033 |
| Federal Farm Credit Banks, FRN 25jul2019, USD - Domestic bonds | US3133EJB408 | 1M LIBOR-0.09% | 100 000 000 USD | 09/25/2018 | 07/25/2019 |
| Federal Farm Credit Banks, FRN 24jul2020, USD - Domestic bonds | US3133EJB242 | 91D TBILL+0.065% | 275 000 000 USD | 09/24/2018 | 07/24/2020 |
| Aircastle, 4.4% 25sep2023, USD - Domestic bonds | US00928QAR20 | 4.4% | 650 000 000 USD | 09/20/2018 | 09/25/2023 |
World Bond Market Indicators
Daily indices
| Type: | 09/21/2018 | 09/20/2018 | 09/19/2018 | 09/18/2018 | 09/17/2018 | 09/14/2018 | 09/13/2018 |
|---|---|---|---|---|---|---|---|
| T-Note Futures (USA) | |||||||
| 2 Year T-Note Futures | 105.33 | 105.34 | 105.33 | 105.37 | 105.40 | 105.41 | 105.44 |
| 5 Year T-Note Futures | 112.36 | 112.41 | 112.39 | 112.50 | 112.65 | 112.66 | 112.79 |
| 10 Year T-Note Futures | 118.59 | 118.67 | 118.62 | 118.88 | 119.19 | 119.23 | 119.47 |
| 30 Year T-Bond Futures | 140.25 | 140.53 | 140.09 | 140.78 | 141.84 | 141.81 | 142.47 |
| show other indices | |||||||
World Bond market statistics
Monthly indices
| Type | Aug 2018 | Jul 2018 | Jun 2018 | May 2018 | Apr 2018 | Apr 2018 | Mar 2018 |
|---|---|---|---|---|---|---|---|
| Corporate bond market (USA) | |||||||
| Number of new issues of US corporate bonds | 458 | 305 | 409 | 411 | 567 | 368 | |
| Government agencies outst., USD mln | 1 237 830.64 | 1 207 985.23 | 1 213 296.71 | 1 192 724.35 | 1 192 617.47 | 1 192 053.82 | |
| New issues of corporate bonds, USA, USD mln | 127 018.70 | 104 274.48 | 142 475.16 | 144 189.19 | 194 678.49 | 119 857.04 | |
| New issues of financial inst. bonds, USA, USD mln | 26 096.40 | 46 823.42 | 21 651.79 | 25 079.34 | 69 489.92 | 26 243.88 | |
| New issues of non-financial inst. bonds, USA, USD mln | 100 922.30 | 57 451.06 | 120 823.37 | 106 859.84 | 125 002.24 | 93 613.16 | |
| Government Bond Market (USA) | |||||||
| USA govt Bonds outst., USD bln (without Bills) | 14 495.91 | 14 379.84 | 14 305.14 | 14 161.58 | 14 070.57 | 14 065.68 | |
| New US government bond issues, USD bln (without Bills) | 199.82 | 172.30 | 144.45 | 206.80 | 194.69 | 103.27 | |
| Number of US government bond issues outs. (without Bills) | 364 | 362 | 362 | 362 | 362 | 362 | |
| show other indices | |||||||
Quarterly indices
| Type | II 2018 | I 2018 | IV 2017 | III 2017 | II 2017 | I 2017 | IV 2016 |
|---|---|---|---|---|---|---|---|
| US Bond Market Outstanding (SIFMA) | |||||||
| Municipal bonds outstanding, bln. USD | 3 853 | 3 851 | 3 871 | 3 829 | 3 854 | 3 847 | 3 840 |
| Treasury bonds outstanding, bln. USD | 14 972 | 14 933 | 14 469 | 14 188 | 13 998 | 13 954 | 13 908 |
| Mortgage Related bonds outstanding, bln. USD | 9 482 | 9 384 | 9 305 | 9 185 | 9 123 | 9 087 | 9 016 |
| Corporate bonds outstanding, bln. USD | 9 074 | 9 077 | 9 002 | 9 004 | 8 882 | 8 787 | 8 458 |
| Federal Agency securities outstanding, bln. USD | 1 900 | 1 913 | 1 935 | 1 941 | 1 954 | 1 982 | 1 972 |
New issues of Developed markets International Bonds
Monthly indices
| Type | Aug 2018 | Jul 2018 | Jun 2018 | Jun 2018 | May 2018 | Apr 2018 | Mar 2018 |
|---|---|---|---|---|---|---|---|
| New issues of USA bonds | |||||||
| New issues of USA bonds (Agriculture), USD bln | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.500 | 0.000 |
| Number of new USA bond issues (Agriculture) | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1.000 | 0.000 |
| New issues of USA bonds (Banks), USD bln | 14.235 | 39.293 | 11.627 | 11.730 | 20.745 | 50.824 | 9.773 |
| Number of new USA bond issues (Banks) | 40.000 | 51.000 | 34.000 | 44.000 | 57.000 | 79.000 | 44.000 |
| New issues of USA bonds (Ferrous metals), USD bln | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Number of new USA bond issues (Ferrous metals) | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| New issues of USA bonds (Other sectors), USD bln | 10.889 | 1.909 | 3.538 | 4.104 | 4.153 | 7.746 | 0.465 |
| Number of new USA bond issues (Other sectors) | 41.000 | 7.000 | 6.000 | 12.000 | 10.000 | 13.000 | 2.000 |
| New issues of USA bonds (Information and High Technologies), USD bln | 4.553 | 0.730 | 1.600 | 2.120 | 8.605 | 3.200 | 1.097 |
| Number of new USA bond issues (Information and High Technologies) | 6.000 | 2.000 | 4.000 | 6.000 | 17.000 | 2.000 | 3.000 |
| New issues of USA bonds (Public utilities), USD bln | 2.125 | 0.000 | 0.000 | 0.000 | 2.075 | 2.472 | 0.000 |
| Number of new USA bond issues (Public utilities) | 4.000 | 0.000 | 0.000 | 0.000 | 4.000 | 3.000 | 0.000 |
| New issues of USA bonds (Light industry), USD bln | 0.400 | 0.000 | 0.000 | 0.000 | 0.500 | 0.000 | 1.200 |
| Number of new USA bond issues (Light industry) | 1.000 | 0.000 | 0.000 | 0.000 | 1.000 | 0.000 | 2.000 |
| New issues of USA bonds (Engineering industry), USD bln | 12.650 | 0.400 | 2.934 | 2.934 | 15.350 | 4.350 | 4.300 |
| Number of new USA bond issues (Engineering industry) | 11.000 | 1.000 | 7.000 | 7.000 | 22.000 | 6.000 | 10.000 |
| New issues of USA bonds (Healthcare), USD bln | 7.658 | 0.202 | 6.250 | 6.925 | 7.544 | 3.067 | 42.800 |
| Number of new USA bond issues (Healthcare) | 13.000 | 1.000 | 10.000 | 11.000 | 9.000 | 8.000 | 14.000 |
| New issues of USA bonds (Oil and gas), USD bln | 6.075 | 1.550 | 4.400 | 7.300 | 4.110 | 3.721 | 3.116 |
| Number of new USA bond issues (Oil and gas) | 13.000 | 3.000 | 6.000 | 10.000 | 8.000 | 8.000 | 8.000 |
| New issues of USA bonds (Food industry), USD bln | 4.800 | 0.250 | 3.000 | 3.000 | 13.000 | 19.100 | 8.903 |
| Number of new USA bond issues (Food industry) | 6.000 | 1.000 | 3.000 | 3.000 | 16.000 | 20.000 | 15.000 |
| New issues of USA bonds (Communication), USD bln | 6.260 | 2.633 | 8.252 | 10.218 | 5.386 | 4.563 | 11.415 |
| Number of new USA bond issues (Communication) | 6.000 | 1.000 | 6.000 | 9.000 | 6.000 | 4.000 | 10.000 |
| New issues of USA bonds (Media and Entertainment), USD bln | 0.000 | 0.000 | 0.700 | 1.010 | 0.693 | 0.900 | 3.446 |
| Number of new USA bond issues (Media and Entertainment) | 0.000 | 0.000 | 1.000 | 2.000 | 2.000 | 2.000 | 7.000 |
| New issues of USA bonds (Construction and development), USD bln | 2.000 | 2.101 | 2.875 | 3.066 | 3.451 | 3.245 | 2.452 |
| Number of new USA bond issues (Construction and development) | 5.000 | 5.000 | 7.000 | 9.000 | 9.000 | 7.000 | 9.000 |
| New issues of USA bonds (Trade and retail), USD bln | 0.000 | 0.500 | 18.836 | 18.836 | 18.047 | 4.000 | 1.853 |
| Number of new USA bond issues (Trade and retail) | 0.000 | 1.000 | 13.000 | 13.000 | 12.000 | 4.000 | 4.000 |
| New issues of USA bonds (Transportation), USD bln | 0.000 | 3.350 | 7.650 | 7.650 | 0.974 | 5.850 | 1.550 |
| Number of new USA bond issues (Transportation) | 0.000 | 8.000 | 10.000 | 10.000 | 4.000 | 10.000 | 3.000 |
| New issues of USA bonds (Financial institutions), USD bln | 13.308 | 10.650 | 10.025 | 11.876 | 17.211 | 24.260 | 27.821 |
| Number of new USA bond issues (Financial institutions) | 33.000 | 28.000 | 30.000 | 34.000 | 66.000 | 58.000 | 73.000 |
| New issues of USA bonds (Chemical and petrochemical industry), USD bln | 0.055 | 0.000 | 0.600 | 0.600 | 0.872 | 0.400 | 2.400 |
| Number of new USA bond issues (Chemical and petrochemical industry) | 1.000 | 0.000 | 1.000 | 1.000 | 2.000 | 1.000 | 5.000 |
| New issues of USA bonds (Non-ferrous metals), USD bln | 0.000 | 0.000 | 0.400 | 0.400 | 0.285 | 0.000 | 0.000 |
| Number of new USA bond issues (Non-ferrous metals) | 0.000 | 0.000 | 1.000 | 1.000 | 1.000 | 0.000 | 0.000 |
| New issues of USA bonds (Timber and paper&pulp industry), USD bln | 0.600 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Number of new USA bond issues (Timber and paper&pulp industry) | 2.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| New issues of USA bonds (Ferrous metals), USD bln | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 1.350 | 2.273 |
| Number of new USA bond issues (Ferrous metals) | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 3.000 | 3.000 |
| New issues of USA bonds (Power), USD bln | 10.049 | 3.400 | 11.940 | 12.435 | 7.191 | 4.971 | 6.350 |
| Number of new USA bond issues (Power) | 19.000 | 6.000 | 22.000 | 23.000 | 18.000 | 10.000 | 13.000 |
| show other indices | |||||||
Developed Markets International Bonds
Monthly indices
| Type | Aug 2018 | Jul 2018 | Jun 2018 | May 2018 | Apr 2018 | Mar 2018 | Feb 2018 |
|---|---|---|---|---|---|---|---|
| International bonds Developed Markets | |||||||
| USA corporate international bonds, USD bln | 4 688.334 | 4 657.693 | 4 647.776 | 4 620.028 | 4 604.097 | 4 569.936 | 4 510.222 |
| show other indices | |||||||
Money market
Daily indices
| Type: | 09/20/2018 | 09/19/2018 | 09/18/2018 | 09/17/2018 | 09/14/2018 | 09/13/2018 | 09/12/2018 |
|---|---|---|---|---|---|---|---|
| SOFR | |||||||
| SOFR | 1.92 | 1.94 | 2.00 | 1.95 | 1.94 | 1.94 | |
| IRS USD (mid-swaps) | |||||||
| IRS USD 3M (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 6M (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 9M (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 1Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 2Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 3Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 4Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 5Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 6Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 7Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 8Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 9Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 10Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 12Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 15Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 20Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 25Y (mid-swap) | * | * | * | * | * | * | * |
| IRS USD 30Y (mid-swap) | * | * | * | * | * | * | * |
| show other indices | |||||||
Subscription "Cbonds-Premium", "Cbonds-Premium Personal", "Cbonds-Trial", "Cbonds Premium Partner", "Enhanced access Cbonds-Premium", "Cbonds-Premium Personal Light" required. Subscribe/Get trial access
Periodic indices
| Type: | Current value | Change | Last update |
|---|---|---|---|
| Central Banks Rates | |||
| FRS discount rate, % | 1.50 | 0.25 | 16.03.2017 |
BofA Merrill Lynch
Daily indices
| Type: | 09/20/2018 | 09/19/2018 | 09/18/2018 | 09/17/2018 | 09/14/2018 | 09/13/2018 | 09/12/2018 |
|---|---|---|---|---|---|---|---|
| BofA Merrill Lynch US and Global High Yield Indices | |||||||
| H0A0 US High Yield Master II Index, Spread-Govt | 325 | 324 | 324 | 329 | 329 | 335 | 338 |
| H0A0, total return | 1 291.53 | 1 291.76 | 1 292.25 | 1 291.42 | 1 290.88 | 1 290.33 | 1 288.58 |
| H0A0, %YTD USD | 2.32 | 2.34 | 2.38 | 2.32 | 2.27 | 2.23 | 2.09 |
| H0A0, effective yield | 6.21 | 6.20 | 6.17 | 6.19 | 6.19 | 6.22 | 6.24 |
| H0A0, effective duration | 3.97 | 3.97 | 3.96 | 3.97 | 3.97 | 3.98 | 3.99 |
| BofA Merrill Lynch Global EM and EM Makets Credit Indices | |||||||
| IC00 The BofA Merrill Lynch Global Emerging Markets Credit Index, Spread-Govt | 520 | 536 | 546 | 550 | 553 | 567 | 580 |
| IC1B The BofA Merrill Lynch BB Global Emerging Markets Credit Index, Spread-Govt | 369 | 378 | 385 | 388 | 389 | 397 | 405 |
| IC1C The BofA Merrill Lynch CCC & Lower Global Emerging Markets Credit Index, Spread-Govt | 1 013 | 1 024 | 1 023 | 1 034 | 1 037 | 1 041 | 1 059 |
| IC2B The BofA Merrill Lynch Single-B Global Emerging Markets Credit Index, Spread-Govt | 636 | 661 | 678 | 681 | 687 | 711 | 731 |
| ICP0 The BofA Merrill Lynch Emerging Markets Credit Plus Index, Spread-Govt | 311 | 316 | 319 | 322 | 324 | 330 | 334 |
| ICPD The BofA Merrill Lynch US Emerging Markets Credit Plus Index, Spread-Govt | 347 | 353 | 357 | 360 | 362 | 369 | 376 |
| ICPC The BofA Merrill Lynch Emerging Markets Credit Plus Constrained Index, Spread-Govt | 313 | 318 | 321 | 324 | 326 | 332 | 337 |
| ICPE The BofA Merrill Lynch Euro Emerging Markets Credit Plus Index, Spread-Govt | 233 | 234 | 235 | 238 | 241 | 243 | 244 |
| show other indices | |||||||
Risk Management Institute
Daily indices
| Type: | 09/20/2018 | 09/19/2018 | 09/18/2018 | 09/17/2018 | 09/14/2018 | 09/13/2018 | 09/12/2018 |
|---|---|---|---|---|---|---|---|
| RMI CVI - North America | |||||||
| US CVI value weighted | 4.74 | 4.76 | 4.79 | 4.83 | 4.79 | 4.80 | 4.81 |
| US CVI tail | 207.34 | 216.18 | 216.41 | 222.29 | 218.18 | 217.28 | 214.44 |
| US CVI equally weighted | 54.44 | 56.60 | 57.62 | 57.62 | 57.87 | 56.78 | 56.05 |
| show other indices | |||||||
Macroeconomic Indicators (World economy)
Monthly indices
| Type | Aug 2018 | Jul 2018 | Jun 2018 | May 2018 | Apr 2018 | Mar 2018 | Feb 2018 |
|---|---|---|---|---|---|---|---|
| Inflation Rate (World), % to the same period of the previous year | |||||||
| Inflation Rate (United States) | 2.70 | 2.90 | 2.90 | 2.80 | 2.50 | 2.40 | 2.20 |
| show other indices | |||||||
Yearly indices
| Type | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|
| Government Debt to GDP (World), % | ||||
| Government Debt to GDP(United States) | 105.40 | 106.10 | 104.17 | 103.00 |
Stock market (World)
Daily indices
| Type: | 09/21/2018 | 09/20/2018 | 09/19/2018 | 09/18/2018 | 09/17/2018 | 09/14/2018 | 09/13/2018 |
|---|---|---|---|---|---|---|---|
| Stock market (Developed countries) | |||||||
| Dow Jones | 26 744 | 26 657 | 26 406 | 26 247 | 26 062 | 26 155 | 26 146 |
| S&P 500 | 2 930 | 2 931 | 2 908 | 2 904 | 2 889 | 2 905 | 2 904 |
| NASDAQ Composite | 7 986.96 | 8 028.23 | 7 950.04 | 7 956.11 | 7 895.79 | 8 010.04 | 8 013.71 |
| show other indices | |||||||
200 000 + issues from 170 countries:
Analyticalinstruments
Quotes, ratingsand prospectuses
Watch more aboutCbonds data platform