KEY FEATURES OF MODERN TRENDS IN THE CORPORATE BONDS MARKET IN THE RUSSIAN ECONOMY
The study considers the causes of changes in the volume of the corporate bond market in the domestic economy and the dynamics of defaults using these financial market instruments. To achieve this goal, the structure of the corporate bonds market and the volume of their placement are analyzed, the main market participants are considered, and a forecast for the development of the corporate bonds market in the short-term period is presented. It is suggested that certain categories of corporate bonds that securitize some financial assets, for example, such as mortgage loans or leasing assets, become more important. When solving the problem of studying the domestic market for corporate bonds, the sectoral structure of this market is considered, positive and negative trends are identified. As a result, using statistical and analytical methods, the key problems of the development of the corporate bond market in Russia are identified, the main trends in this financial segment are identified, and the main ways to expand it are identified.
Keywords: underwriter, diversification, default, duration, bond, refinancing, risk, securitization.
Highlights:
innovations in the corporate bond market in the form of bonds securitizing certain assets are highlighted; bonds issued based on blockchain technology, as well as short-term bonds for liquidity management are considered;
the structure of the corporate bond market in the domestic economy is determined and the key development trends of this segment of the financial market are identified;
the main problems of the development of the corporate bond market are analyzed.
Nikita A. Petrov, Candidate of Economics, Associate Professor of the Department of Economic Theory of Samara State University of Economics.