The bond market, also known as the debt, credit, or fixed income market, is a financial market where participants buy and sell debtsecurities usually in the form of bonds. The size of the international bond market is an estimated $45 trillion of which the size of outstanding U.S. bond market debt is $25.2 trillion.
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The market in which the debt instruments are issued and traded. Securitised debt has to be repaid by the issuer at maturity. See also: debt securityequitiesequity market