The global Fixed Income market is one of the largest and most important segments of the financial markets. It covers a range of debt instruments from government bonds to corporate debt and asset-backed securities. It is driven by a range of factors including inflation, unemployment, the level of commodity prices and the exchange rate. The Forex market is a key driver of the fixed income market as it determines the value of the different currencies and therefore the terms of the debt instruments. Traders use the Forex market to hedge their fixed income positions, arbitrage price discrepancies, as well as speculate.