Further, these markets are also intimately linked with the funding requirement of individuals- education finance, home finance, consumption finance and so on- in several ways from providing pricing benchmark to providing funding for the institutions that provide primary funding.
Quite obviously, the aggregate value of outstanding fixed income instruments is estimated to be in excess of USD 100 trillion in contrast with the value of the global stock market around USD 70 trillion. The daily trading volume of the fixed income instruments also exceeds that in the stock market by a factor of three.