- Bond yields continued to fall in all the major markets during 1993; in the US government bond market, however, this fall was halted in the fourth quarter.
- Investors sought ways of increasing returns by: m,oving out along the yield curve; investing in higher-yielding debt; and investing in equities.
- This provided substantial opportunities for financing and refinancing, and record volumes of new issues were raised in many debt and equity markets.
- Activity in exchange-traded derivatives markets grew rapidly, and financial markets became increasingly interdependent and accessible to international issuers and investors.
Published on
01 March 1994
Financial market developments