Bond markets Checked: Baitelessova. A Performed: (Saduov. S, Dospaeva. S, Amandos. E)
Bond market Bonds are securities that represent debt owed by the issuer to the investor, and typically have specified payments on specific dates. Types of bonds we will examine include longterm government bonds (T-bonds), municipal bonds, and corporate bonds. .
The U. S. Treasury issues notes and bonds to finance its operations. The following table summarizes the maturity differences among the various Treasury securities.
The next two figures show historical rates on Treasury bills, bonds, and the inflation rate.
KZ bond market Ratio value of all the bonds in the market of GDP in 2011 amounted to lo 22%, which is historically maximum level. Value rate is high enough and over the same rate for a number of developed countries. However, as in the case of market shares, the liquidity in the stock exchange bond market leaves much to be desired. Factor-wrapping duro, measuring liquidity bond market in late 2011 was 5%, the maximum values in the figure was 2007 - 28. 9%. conclusions can be similar to the stock market: size of the Kazakh market-Bonds is not small relative to the economy, and the face-the visibility of the market now is low. In developed markets, corporate bonds had a negative impact the global financial crisis. The compression of the market and invest- storskoy base, increased value-dependence of borrowing, the issuers defaulted by financial difficulties
As of January 1, 2012 32 issuers defaulted, the number of listed companies decreased from 101 in 2008 to 71 in 2011, a number of issues from 315 in 2009 to 238 in 2011 godu. Na against pension defaults funds reduced the share of corporate bonds in the composition of their portfolios. So, if at the end of 2008 it amounted to 36. 49% (503 bn), then at the end of 2011, it decreased to 22. 71% (578, 330, 000). The share of corporate bonds in the portfolios of banks have not changed: 19. 5% (161 bn) in 2008, and 20. 3% (273 bn).
Problems is the bond market in Kazakhstan The key problem is the corporate bond market is that it is underdeveloped secondary market. Above all, have a negative impact on the market is the lack of necessary legislation in terms of defaults and rights investorov. V whole Kazakh market of corporate securities also faces the following challenges to its development: a) low financial literacy, and b) excessive regulation of market participants, and c) low transparency of issuers, and d) the lack of technology development.
Some solutions Key problem solutions known in Kazakhstan, a program "People's IPO» . On this subject, there have been many discussions. A few words about the program. It is clear that the main objective of the program - to attract private investors to the stock market, make it popular among the people. The program can really contribute to the development of the stock market. There are plenty of empirical evidence of the positive impact on the development of the equity IPO market. No problem is that this is not the solution to all problem. For a full-fledged stock market need to reduce government involvement in the economy, to create real conditions for the development of small and medium-sized businesses, to create conditions for attracting foreign investors. Market for its development, as the air is necessary deregulation liberalization. No this does not mean that the activities of its members must be absolutely free. Must be reasonable to weaken it regulation, pave the way for free competition. This is a very difficult decision, but we hope it will be supported.
This presentation did only 3 people. Because, no one hasn’t interest for that work. We hope next presentation we will do for exellent. Name and surname students which did: 1)Amandos E 90 2)Saduov. S 90 3)Dospaeva. S 90
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