Читать книгу The Sterling Bonds and Fixed Income Handbook - Mark Glowrey - Страница 11

A market is both created by, and exists to service, the needs of its users. In this aspect the bond market is little different from any other; and understanding the types of participants and the roles that they play is key to understanding how a market operates.

At the most basic level, the market consists of bond issuers – effectively the sellers of bonds – who need to raise capital. Set against this supply are the buyers – a wide variety of investors seeking a return on their capital. Between these two shades of black and white are many shades of grey. This chapter takes a look at the main players.