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Finance and Credit
 

Post-crisis tendencies in the bond market

Vol. 20, Iss. 25, JULY 2014

Available online: 29 June 2014

Subject Heading: FINANCIAL SPHERE

JEL Classification: 

Pages: 2-15

Teplova T.V. National Research University Higher School of Economics, Moscow, Russian Federation
tamarateplova@mtu-net.ru

Sokolova T.V. National Research University Higher School of Economics, Moscow, Russian Federation
sokol-t@yandex.ru

The article analyzes the Russian and world bond markets by means of the analysis of dynamics of the capital attractiveness in different currencies for investors and on different conditions (variable interest rates, convertible bonds, Eurobonds) in the crisis and post-crisis periods. The authors consider the markets of stock and loan (bonded) capital according to investment attractiveness. The paper reveals the tendencies in supply and demand formation on segments of bonds in the world and local markets, and also in the levels of profitability of corporate issuers bonds for different risk levels. The work analyzes the tendencies in the bond markets from the point of view of two groups of interested persons: investors and issuers.

Keywords: corporate bonds, ruble corporate bonds, debt market, secondary bond market, variable interest rates, convertible bonds, Eurobond

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ISSN 2071-4688 (Print)

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