Definition ∞ Global bond markets constitute the worldwide financial network where governments, corporations, and other entities issue and trade debt securities to raise capital. These markets serve as a primary indicator of international interest rates, overall economic health, and prevailing investor sentiment. They represent a vast pool of capital.
Context ∞ While distinct from digital asset markets, global bond markets exert considerable influence on broader financial liquidity and investor risk appetite. Significant shifts in bond yields or changes in central bank monetary policies often correlate with movements in cryptocurrency valuations. Analyzing global bond market trends is therefore relevant for understanding macro-economic impacts on digital assets.