Fixed income markets over the last fifty years have been shaped by a small number of defining product and market developments.
Inception of the Eurobond market, globalising dollar bond markets
Advent of passive investing, giving investors an alternative to actively managed products for the first time
Development of the credit default swap market, deepening liquidity and facilitating long/short credit investing
Introduction of the Euro triggers the birth of a homogenous European credit market
Arrival and evolution of scientific fixed income investing