Introduction Worldwide, equity markets attract a lot of attention. They are the subject of news articles, rumors, cocktail party talk and are generally associated with exciting people.
Debt is considered boring.
No one talks about it. It is associated with old people. And there are many who will be surprised to know that in any country in the world, the debt market is several times bigger than the equity market. So much bigger, that most of the market is beyond the reach of ordinary investors. Institutional investors are the major players in the market.