| Trend |
Reason/Necessity |
Characteristic |
| Qualitative aspect of tendencies in the bond market development |
| The computerization of the bond market |
The desire of professional market participants to ensure the minimization of costs associated with servicing their clients, access to banking and financial services for the general public |
Blockchain (Gorbunova, 2020; Kornilova, 2019; Lukasevich, 2018), RegTech Technologies, SupTech. Authentication system, Cloud technologies, Remote identification. Artificial intelligence (Tropin, 2020) and others. |
| The innovations in the bond market |
The need for compliance of activities aimed to create conditions for investors to carry out transactions with bond on the global levelThe necessity to provide financial stability and transparency of the bond market in general |
The use of online registration service for new clents;The modernization of the technologies for the clearing and depository activities in the stock market;The partner channels use;Providing bidders with information flows |
| The diversification of stock market instruments: bond and derivative financial instruments |
The need to provide institutional and private investors with the opportunity to form a more optimal risk / return ratio of a portfolio of bond |
Structured bonds;Unlimited FLB;FLB with a variable coupon (FLB-VC) of a new format;Russian federal Eurobonds;federal bonds futures. |
| The process of securitization |
The need to involve the general population in the processes of financing economy, investment processes |
High rates of transformation of household savings into bond |
| The integration with the stock markets of other countries |
The use of a sponsored access service providing unlimited opportunities in transactions with bond for clients – trading participants |
A significant increase in the share of foreign shares in the portfolio of Russian investors;The predominance of the share of non-residents in the share market of the largest companies;increase in the share of non-residents in the government bond market |
| Quantitative aspects of tendencies in the bond market development |
| The growth of activity in the bond market by a private investor |
The need to involve free funds of the population in the market |
The growth in the share of individuals;Low share of insurers, non-financial agencies and investment funds |
| The growth of the government and corporate bond market |
Against the backdrop of monetary policy easing |
The main investors in corporate bonds are banks |
| The development of certain segments of the stock market that provide financing for companies implementing large socially significant projects |
The increase in the need for financing projects aimed to protect the environment |
The circulation of Russian and international bonds in various segments (" green " bonds, etc.) |
