Although the grow of the Eurobonds market in the past 15 years is evident, and can be easily assessed, year-on-year comparison are not easy to make. The problem is that the grow of government securities, settled through Euroclear and Cedel, has been accompanied by a high volume of repo transaction. This has inflated the volumes and made figures more difficult to compare.
However, grouping all instrument together the picture that emerges is as follows:
| Year |
Q1 |
Q2 |
Q3 |
Q4 |
Total |
| 1991 |
2,184 |
1,932 |
2,059 |
2,658 |
8,833 |
| 1992 |
3,060 |
3,096 |
3,729 |
4,508 |
14,393 |
| 1993 |
4,590 |
5,170 |
6,243 |
7.029 |
23,032 |
| 1994 |
7,678 |
6,991 |
7,003 |
7,044 |
28,716 |
| 1995 |
7,753 |
8,498 |
8,579 |
|
|
Source: ISMA
Some information about the history of the Eurobonds market will be soon available.
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