Bulletin – June Quarter 2010
The Impact of the Financial Crisis on the Bond Market
Susan Black, Anthony Brassil and Mark Hack
Abstract:
The Australian bond market functioned well during the financial crisis. Changes in investor sentiment and issuer behaviour led to a slowing in issuance and an increase in the average credit quality of new issuance. While the average bond term shortened and spreads widened, these trends have since reversed somewhat as market conditions have improved.
