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  • Readings - Bond Market (Chinese)

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    Artkins Talk
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    General overview of bond markets

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    General overview of bond markets

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views21 pages

    Readings - Bond Market (Chinese)

    Uploaded by

    Artkins Talk
    General overview of bond markets

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 21

    1

    11

    100200ABCD

    90

    85

    80

    75

    80

    70

    90

    100

    80

    70

    50

    80

    80

    80

    90

    85

    80


    1(direct search market)
    2(brokered market)
    3(dealer market)
    -market maker
    4(auction market)
    - continuous
    and periodic auctions

    customer-driven
    (dealer-driven)





    --
    --


    Quality

    S&P

    Moodys

    Prime

    AAA

    Aaa

    High

    AA

    Aa

    Upper
    Medium

    Medium

    BBB

    Baa

    Junk

    BB, B, CCC,
    CC,C

    Ba, B,
    Caa, Ca, C

    In Default

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