Fixed-Income Segments, Issuers, and Investors
Fixed-income instruments and markets are typically categorised along three dimensions: issuer type (often known as sector), credit quality, and time to maturity. Sometimes, instruments and markets are additionally classified by issuers’ geography, currency, and ESG characteristics. In contrast to equities, where issuers typically issue just one or two instruments, issuers often have many fixed-income instruments outstanding. A…