Bond markets 107Domestic bond marketMost issues are listed at an exchange
BUT most trading takes place over-the-counter (OTC)Foreign bond marketForeign bonds = issued by foreign borrowers in a nation’s domestic market and denominated in the nation’s domestic currency
Yankee-, Samurai-, Brady-Bonds, ...Eurobond marketEurobonds = denominated in a particular currency and issued simultaneously in the markets of several nations
Traded exclusively over-the-counter (OTC)Multi-period deterministic cash flows: FI securities - Introduction