Eurex launches the first futures on a Euro High Yield Index
From 17 October 2022, Eurex will offer market participants the opportunity to hedge the Euro-denominated high-yield corporate bond market in Europe. This segment has ...
Are US dealers still offsetting credit trading risks?
As US banks see credit positions turn negative, and interdealer market volumes remain flat, The DESK asks how they offset risk as their credit trading volumes rise with ...
The implication of falling US HY Issuance
Anecdotally, we hear that new issuance of high yield bonds in European markets directly impacted secondary market liquidity. Looking at the latest data from SIFMA, as ...
Get US high yield portfolios in order over summer
June looked decidedly challenging for US high yield (HY) trading, as mean bid-ask (BA) spreads dislocated from the median, indicating spikes in BA spreads across certain ...
The effect of war on pricing and spreads is widening
The economic effect of the Russian invasion of Ukraine needs to be put in context next to the human tragedy, but data is showing us the effect on the flow of capital; it ...
MarketAxess Mid-X launches in US
MarketAxess has made Mid-X, its anonymous session-based matching protocol, live for US market participants after its initial launch in Q4 2020 with European participants.
Swedish broker shut for pushing risky bonds and illicit issuer payments
Swedish market regulator, Finansinspektionen (FI), has revoked all permits for Nord Fondkommission AB (Nord FK) to continue trading. Nord FK is a securities firm whose ...
Electronic trading volume in US fixed income hits record
Kevin McPartland, Coalition Greenwich.
AFME confirms HY deals on par with pre-Covid levels
Gary Simmons, managing director for High Yield and ECM, AFME.
November gives Tradeweb its second highest month’s ADV ever
Market operator Tradeweb has reported today total trading volume for November of US$18.7 trillion across its electronic marketplaces for rates, credit, equities and ...
Bloomberg launches RMB-denominated Liquid China Credit Index
Bloomberg has launched the Bloomberg Barclays Liquid China Credit (LCC) Index, designed to track the liquid, tradable portion of the RMB-denominated credit bond market. ...
Exclusive: MarketAxess trials new mid-point session protocol Mid-X
Gareth Coltman, head of European Product Management, MarketAxess.
Trumid launches emerging markets trading
Ronnie Mateo, Trumid founder and CEO.
Morgan Stanley: Fed buying programme has benefits beyond direct purchases
Analysis of the Federal Reserve’s Secondary Market Corporate Credit Facility (SMCCF) by Morgan Stanley analysts has found that its purchases of exchange traded funds ...
S&P Global Ratings: European credit spreads still wide
In its latest ‘Europe Credit Markets Update’, S&P Global Ratings has painted a grim picture for European borrowers, notably in the high yield space, which it labels ...
