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What is the context of bonds in global financial markets? Continued

How do emerging financial markets compare?

Asia Pacific and Latin America are the largest emerging financial markets. The total value (market capitalization) of their equity market is 20–30 times higher, and the size of their bond markets 4–5 times bigger, than those of Africa and the Middle East, and the Russian Federation, Eastern Europe, and Central Asia combined.

Asia Pacific Bond Market

Asia Pacific’s bond market is the largest among emerging nations in large part because of China’s growing US$4.3 trillion bond market. The region also contains the highest concentration of developing countries with growing domestic and international bond markets.

Latin American Bond Market

Some countries in the Latin American region have fast-growing domestic debt markets and sizable international investor participation.