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published: 11.5.03 Debt Markets Represented by The Bond Market Association—2006 Q1
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New
Issue
Volume |
Daily
Trading
Volume |
Volume of
Securities
Outstanding |
Municipal
Securities |
$70.5 B (1)
|
$20.7 B |
$2.3 T |
Marketable
Treasury
Securities |
$234.9 B(1) |
$557.6 B (6) |
$4.3 T |
Federal
Agency Debt
Securities |
$109.5 B(1) |
$76.8 B (6) |
$2.6 T |
Mortgage-
Related
Securities |
$468.9 B(2) |
$263.4 B (7) |
$6.1 T(2) |
Asset
Backed
Securities(3) |
$225.2 B |
NA |
$2.0 T |
Money
Market
Instruments(4) |
NA |
NA |
$3.5 T |
Corporate
Debt
Securities |
$208.5 B (5) |
$23.3 B(8) |
$5.1 T |
| Total |
$1,398.5 T |
NA |
$25.9 T* |
* The Bond Market Association estimates
B = Billion
T = Trillion
(1) Includes long-term issuance
(2) Includes GNMA, FNMA and FHLMC mortgage-backed securities, CMOs, and non-agency MBS/CMOs
(3) Excludes mortgage related assets
(4) Includes commercial paper, bankers acceptances and large time deposits.
(5) Includes non-convertible corporate debt, MTNs and Yankee bonds, but excludes all issues with maturities of one year or less and federal agency debt
(6) Primary dealer transactions
(7) Primary dealer activity of agency mortgage-backed securities
(8) Primary dealer activity, excludes all issues with maturities of one year or less
Sources: Federal Home Loan Mortgage Corporation
Federal National Mortgage Association
Federal Reserve System
Government National Mortgage Association
Inside ABS & MBS
Municipal Securities Rulemaking Board
Thomson Financial Securities Data
U.S. Treasury Department
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