This report provides a comprehensive global overview of corporate bond markets since 2000 and experiences of governance engagement by bondholders. The report also analyses trends in secondary bond markets. It ends with a discussion about the scope for institutional changes that may build a larger community of truly informed and motivated bond investors.

Germany 30 Year Bond Yield was -0.07 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Germany 30 Year Bond Yield reached an all time high of 4.96 in July of 2008.

Austria 10Y Bond Yield was -0.10 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Austria Government Bond 10Y reached an all time high of 9.04 in October of 1990. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Belgium 10Y Bond Yield was 0.05 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Belgium Government Bond 10Y reached an all time high of 10.73 in March of 1990. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Brazil 10Y Bond Yield was 7.71 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Brazil Government Bond 10Y reached an all time high of 18.44 in November of 2008. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Bulgaria 10Y Bond Yield was 1.40 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Bulgaria Government Bond 10Y reached an all time high of 22.61 in April of 2011. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Canada 10Y Bond Yield was 0.58 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Canada Government Bond 10Y reached an all time high of 12.44 in March of 1985. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Chile 10Y Bond Yield was 2.62 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Chile Government Bond 10y reached an all time high of 8.07 in September of 2008. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

China 10Y Bond Yield was 2.64 percent on Saturday May 9, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the China Government Bond 10Y reached an all time high of 4.80 in September of 2007. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Colombia 10Y Bond Yield was 5.98 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Colombia Government Bond 10Y reached an all time high of 19 in September of 2002. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Croatia 10Y Bond Yield was 1.30 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Croatia Government Bond 10Y reached an all time high of 10.91 in March of 2009. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Czech Republic 10Y Bond Yield was 1.12 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Czech Republic Government Bond 10Y reached an all time high of 7.68 in November of 2000. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Denmark 10Y Bond Yield was -0.30 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Denmark Government Bond 10Y reached an all time high of 15.76 in August of 1983. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Finland 10Y Bond Yield was -0.13 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Finland Government Bond 10Y reached an all time high of 13.55 in September of 1992. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

France 10Y Bond Yield was -0.03 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the France Government Bond 10Y reached an all time high of 11.84 in February of 1985. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Germany 10Y Bond Yield was -0.53 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Germany Government Bond 10Y reached an all time high of 10.80 in September of 1981. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Greece 10Y Bond Yield was 2.18 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Greece Government Bond 10Y reached an all time high of 41.77 in March of 2012. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Hong Kong 10Y Bond Yield was 0.61 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Hong Kong Government Bond 10Y reached an all time high of 10.49 in June of 1998. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Hungary 10Y Bond Yield was 2.17 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Hungary Government Bond 10Y reached an all time high of 12.72 in March of 2009. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Iceland 10Y Bond Yield was 2.45 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Iceland Government Bond 10y reached an all time high of 15.01 in October of 2008. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

India's 10-year government bond yield hit 5.97% on Friday, its lowest level since January 2009, due to an aggressive demand for the new 10-year note and expectations of higher government revenues following a hike in the special additional excise duty on petrol and diesel. The yield fell 14bps this week, after declining by 36bps in the last three weeks. Historically, the India Government Bond 10Y reached an all time high of 14.76 in April of 1996. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Indonesia 10Y Bond Yield was 8.09 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Indonesia Government Bond 10Y reached an all time high of 21.11 in October of 2008. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Ireland 10Y Bond Yield was 0.14 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Ireland Government Bond 10Y reached an all time high of 14.76 in January of 1985. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Israel 10Y Bond Yield was 0.87 percent on Thursday May 7, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Israel Government Bond 10Y reached an all time high of 12.40 in October of 2002. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Italy 10Y Bond Yield was 1.79 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Italy Government Bond 10Y reached an all time high of 14.20 in October of 1992. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Japan 10Y Bond Yield was 0.01 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Japan Government Bond 10Y reached an all time high of 7.59 in May of 1984. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Kenya 10Y Bond Yield was 12.70 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Kenya Government Bond 10y reached an all time high of 17.35 in October of 2011. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Latvia 10Y Bond Yield was 0.55 percent on Thursday April 30, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Latvia Government Bond 10y reached an all time high of 17 in August of 2009. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Lithuania Government Bond Yield 10y was 0.50 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Lithuania Government Bond 10y reached an all time high of 15.14 in May of 2009. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Malaysia 10Y Bond Yield was 2.80 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Malaysia Government Bond 10Y reached an all time high of 5.35 in April of 2004. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Mexico 10Y Bond Yield was 5.98 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Mexico Government Bond 10Y reached an all time high of 12.07 in September of 2001. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Netherlands 10Y Bond Yield was -0.26 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Netherlands Government Bond 10Y reached an all time high of 9.19 in November of 1990. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

New Zealand 10Y Bond Yield was 0.60 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the New Zealand Government Bond 10Y reached an all time high of 19.20 in May of 1985. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Nigeria 10Y Bond Yield was 10.94 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Nigeria Government Bond 10y reached an all time high of 17.31 in February of 2015. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Norway 10Y Bond Yield was 0.42 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Norway Government Bond 10Y reached an all time high of 13.01 in October of 1988. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Pakistan 10Y Bond Yield was 8.23 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Pakistan Government Bond 10Y reached an all time high of 95.15 in October of 2009. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Peru Government Bond Yield was 0 percent on Thursday April 23, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Peru Government Bond 15Y reached an all time high of 10.03 in October of 2008. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Philippines Government Bond Yield 10y was 3.35 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Philippines Government Bond 10y reached an all time high of 16.40 in January of 2001. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Poland 10Y Bond Yield was 1.54 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Poland Government Bond 10Y reached an all time high of 13.98 in October of 2000. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Portugal 10Y Bond Yield was 0.93 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Portugal Government Bond 10Y reached an all time high of 16.50 in January of 2012. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Qatar Government Bond Yield 10y was 2.64 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Qatar Government Bond 10y reached an all time high of 4.70 in May of 2018. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Romania 10Y Bond Yield was 4.45 percent on Saturday May 9, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Romania Government Bond 10Y reached an all time high of 14.01 in December of 2008. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Russia 10Y Bond Yield was 5.95 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Russia Government Bond 10Y reached an all time high of 16.54 in December of 2014. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Singapore 10Y Bond Yield was 0.89 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Singapore Government Bond 10Y reached an all time high of 5.69 in August of 1998. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Slovakia Government Bond Yield 10y was 0.87 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Slovakia Government Bond 10y reached an all time high of 106.56 in May of 2010. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Slovenia Government Bond Yield 10y was 0.75 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Slovenia Government Bond 10y reached an all time high of 7.61 in August of 2012. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

South Africa Government Bond Yield 10Y was 9.29 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the South Africa Government Bond 10Y reached an all time high of 20.69 in August of 1998. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

South Korea 10Y Bond Yield was 1.43 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the South Korea Government Bond 10Y reached an all time high of 7.91 in April of 2001. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Spain 10Y Bond Yield was 0.87 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Spain Government Bond 10Y reached an all time high of 14.03 in October of 1992. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Sweden 10Y Bond Yield was -0.09 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Sweden Government Bond 10Y reached an all time high of 13.87 in March of 1990. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.