Future of bond market infrastructure survey launch

The global bond markets have long been criticised for being inefficient, lacking integration and lagging in the adoption of digitalisation and technology. This is not for lack of effort, as there are fundamental flaws within the process of debt issuance making this burdensome.

To understand these key issues and find solutions, OMFIF’s Sovereign Debt Institute will launch its inaugural market infrastructure survey for public sector borrowers, debt capital markets banks and fixed income investors. This unique survey seeks to investigate the problems in current market infrastructure and how they can be improved with respondents from those directly involved in the issuance process, including issuers, investors, intermediaries, central banks and others.

The anonymised results will be presented at an exclusive virtual launch event in December featuring a panel of leading sovereign, supranational and agency issuers, banks, investors and other key market participants in the bond markets.

An early preview of the results shows a clear agreement from respondents that workflow processes represent the area with the largest inefficiencies in the bond issuance process. The survey’s results will analyse what market participants believe could improve inefficiencies in both pre-trade and post-trade processes, as well as collating their thoughts on the state of the secondary market, artificial intelligence, blockchain and other issues.

Where are the biggest inefficiencies in the bond issuance process? (please rank top three)

Source: OMFIF