However, despite being listed on exchanges, the vast majority of trading volume in corporate bonds in most developed markets takes place in decentralized, dealer - based, over-the-counter markets. (wikinvest.com)
Although most developed markets closed out the year with modest or negative returns (when expressed in U.S. dollars), considerable volatility occurred beneath the surface of the market averages. (oakmark.com)
That's in large part because dividend yields have been considerably higher than government bonds in most developed markets including Canada over this time. (blackrockblog.com)