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
Birth of domestic credit markets in Europe and Emerging Markets, globalising credit investing
Arrival and evolution of scientific fixed income investing