By the 1990s, basis risk had caused bond markets, like money markets before them, to start shifting from the use of … that interest rate swaps continue to gain on government bond futures for hedging and positioning at the long end of the … bond rates as benchmarks …

bond market from the same bond market's weight in global bond market, we investigate the determinants of foreign and … domestic investment biases in 41 global bond markets. We find that foreign investors significantly overweigh markets that offer …. Such return driven behavior of foreign investors is especially pronounced in emerging bond markets. Meanwhile, home bias is …