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{{unreferenced|date=April 2007}}
{{Use dmy dates|date=October 2015}}
{{Infobox financial index
{{wikify|April 2007}}
|name = FTSE World Government Bond Index
{{Catneeded|April 2007}}
|logo =
The Salomon Smith Barney World Government Bond Index is a market capitalization weighted index consisting of the government bond markets of the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, Netherlands, Spain, Sweden, Switzerland, United Kingdom, and United States. Country eligibility is determined based upon market capitalization and investability criteria. The index includes all fixed-rate bonds with a remaining maturity of one year or longer and with amounts outstanding of at least the equivalent of US$25 million. Government securities typically exclude floating or variable rate bonds, US/Canadian savings bonds and private placements. It is not possible to invest directly in such an index.
|image =
|alt =
|caption =
|foundation = {{start date|1985|01|01}}
|operator = [[London Stock Exchange Group]]
|exchanges = [[London Stock Exchange]]
|symbol = WGBI
|constituents = 41 Countries government bonds
|cap_level = Large cap
|mcap =
|weighting = [[market capitalization]] weighted
|related = [[Bond market index]]
|homepage = {{URL|https://www.lseg.com/en/ftse-russell/indices/world-government-bond-index}}
}}

{|class="wikitable floatright" style="width:25em;"
|+Composition by country as of March 31, 2022<ref>{{cite web |title=FTSE World Government Bond Index (WGBI) |publisher=FTSE Russell |date=March 31, 2022 |url=https://www.yieldbook.com/x/ixFactSheet/factsheet_monthly_wgbi.pdf}}</ref>
|-
!Country !! Market Weight %
|-
|United States || style="text-align:right;"|40.52
|-
|EGBI* ||style="text-align:right;"|31.63
|-
|Japan || style="text-align:right;"|16.03
|-
|United Kingdom || style="text-align:right;"|4.55
|-
|Others ||style="text-align:right;"|7.28
|-
|colspan=2|* EGBI (FTSE EMU Government Bond Index) consists of EMU-participating countries that meet the WGBI criteria for market inclusion: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Netherlands, and Spain
|}
The '''FTSE World Government Bond Index''' ('''WGBI''') is a [[market capitalization]] weighted [[bond index]] consisting of the [[government bond]] markets of the multiple countries.<ref>{{Cite news|last=Yu|first=Xie|date=2020-09-25|title=China's Bonds Win Third Key Index Inclusion|language=en-US|work=The Wall Street Journal|url=https://www.wsj.com/articles/chinas-bonds-win-third-key-index-inclusion-11600994714|access-date=2020-09-25|issn=0099-9660}}</ref> Country eligibility is determined based upon market capitalization and investability criteria. The index includes all fixed-rate bonds with a remaining maturity of one year or longer and with amounts outstanding of at least the equivalent of US$25&nbsp;million. Government securities typically exclude floating or variable rate bonds, US/Canadian savings bonds and private placements. It is not possible to invest directly in such an index.

On August 31, 2017, London Stock Exchange Group (LSEG) completed the acquisition of The Yield Book and Citi Fixed Income Indices businesses from Citi. The name has been changed from the Salomon Smith Barney World Government Bond Index, to the Citigroup World Government Bond Index and now the FTSE World Government Bond Index.

==Countries included==
Countries in the index include:
*{{flag|Australia}}
*{{flag|Austria}}
*{{flag|Belgium}}
*{{flag|Canada}}
*{{flag|China}}
*{{flag|Denmark}}
*{{flag|Finland}}
*{{flag|France}}
*{{flag|Germany}}
*{{flag|Ireland}}
*{{flag|Israel}}
*{{flag|Italy}}
*{{flag|India}}
*{{flag|Japan}}
*{{flag|Malaysia}}
*{{flag|Mexico}}
*{{flag|Netherlands}}
*{{flag|Portugal}}
*{{flag|Singapore}}
*{{flag|South Africa}}
*{{flag|South Korea}}
*{{flag|Spain}}
*{{flag|Sweden}}
*{{flag|Switzerland}}
*{{flag|United Kingdom}}
*{{flag|United States}}

==See also==
*[[Bond market index]]
*[[Government bond]]
*[[List of bond market indices]]

== References ==
{{reflist}}

==External links==
* [https://www.yieldbook.com/m/indices/single.shtml?ticker=WGBI Citi World Government Bond Index (WGBI)]

[[Category:Government bond indices]]

Latest revision as of 13:50, 24 November 2024

FTSE World Government Bond Index
FoundationJanuary 1, 1985 (1985-01-01)
OperatorLondon Stock Exchange Group
ExchangesLondon Stock Exchange
Trading symbolWGBI
Constituents41 Countries government bonds
TypeLarge cap
Weighting methodmarket capitalization weighted
Related indicesBond market index
Websitewww.lseg.com/en/ftse-russell/indices/world-government-bond-index
Composition by country as of March 31, 2022[1]
Country Market Weight %
United States 40.52
EGBI* 31.63
Japan 16.03
United Kingdom 4.55
Others 7.28
* EGBI (FTSE EMU Government Bond Index) consists of EMU-participating countries that meet the WGBI criteria for market inclusion: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Netherlands, and Spain

The FTSE World Government Bond Index (WGBI) is a market capitalization weighted bond index consisting of the government bond markets of the multiple countries.[2] Country eligibility is determined based upon market capitalization and investability criteria. The index includes all fixed-rate bonds with a remaining maturity of one year or longer and with amounts outstanding of at least the equivalent of US$25 million. Government securities typically exclude floating or variable rate bonds, US/Canadian savings bonds and private placements. It is not possible to invest directly in such an index.

On August 31, 2017, London Stock Exchange Group (LSEG) completed the acquisition of The Yield Book and Citi Fixed Income Indices businesses from Citi. The name has been changed from the Salomon Smith Barney World Government Bond Index, to the Citigroup World Government Bond Index and now the FTSE World Government Bond Index.

Countries included

[edit]

Countries in the index include:

See also

[edit]

References

[edit]
  1. ^ "FTSE World Government Bond Index (WGBI)" (PDF). FTSE Russell. 31 March 2022.
  2. ^ Yu, Xie (25 September 2020). "China's Bonds Win Third Key Index Inclusion". The Wall Street Journal. ISSN 0099-9660. Retrieved 25 September 2020.
[edit]