The bond market is also known as the debt, credit, or fixed income market is a financial market where member can buy and sell debt securities, usually in the form of bonds. As of 2006, the size of the global bond market is a predictable $45 trillion, of which the size of the outstanding U.S. bond market debt was $25.2 trillion.
"Bond market" is usually refers to the government bond market, because of its size, liquidity, lack of credit risk and, therefore, compassion to interest rates. Because of the inverse relationship between bond valuation and interest rates, the bond market is regularly used to indicate changes in interest rates or the shape of the yield curve.
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