Is a liquidity crisis brewing in European HY?
Concern around liquidity in Europe’s high yield market has been rising over the past quarter as it is hit by a double whammy, falling issuance and declining market ...
MarketAxess reports record August volumes
Bond-market operator MarketAxess has reported having its strongest ever August monthly trading volumes, with US$30.6 billion in total trading average daily volume (ADV), ...
Why are European IG Bid-Ask spreads widening?
Liquidity in the European corporate bond market is becoming more expensive in both high yield (HY) and investment grade (IG) trading. According to MarketAxess data, ...
Case Study
Axess IQTM: The eyes and ears of the market [caption id="attachment_11614" align="alignright" width="351"] (l) Chris Watson, Head of Trading at Insigneo & (r) Erik ...
Exclusive: Nichola Hunter to lead Liquidnet’s fixed income sales
Block-trading and agency execution specialist, Liquidnet, has appointed Nichola Hunter as global head of sales for fixed income.
Editorial: Asset managers wilt as banks impose hose-pipe ban
In the UK, during dry conditions, the government bans the public from using hosepipes in order to conserve water. In 2022, the sell side has imposed its own version of ...
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 ...
EMIR refit: get ahead of upcoming changes
By Joanne Salkeld at MarketAxess The European Commission's regulatory fitness and performance programme (REFIT) is aimed at simplifying EU legislation and reducing any ...
MarketAxess Q2 update: Claims 20% share global credit trading; portfolio trading ‘flattened out’
MarketAxess has reported its Q2 results for 2022, including a record composite corporate bond market share, estimated at estimated 20.2%, up from 17.8% in Q1 2021 with ...
Splinters of a market
While liquidity in US investment grade (IG) markets has been holding up relatively well, MarketAxess data shows us that the past month has seen an exaggeration of the ...
Analyzing chair Gensler’s comments on TRACE reporting
By Julien Alexandre & Grant Lowensohn Highlights
Bid-ask spread betting in credit
Betting how bid-ask spreads will move this year has been made more challenging by a dislocation between the mean average and the median bid-ask spreads found in European ...
Comparing Corporate Bond Liquidity Across Regions
By Grant Lowensohn and Hidde Verholt. Highlights
Research: Fixed Income TCA Survey 2022
Better integration into trading workflow The DESK’s execution research survey into fixed income TCA 2022. Our research took in 40 major asset management firms’ use of, ...
FILS USA 2022: Boosting automation and innovation
The attention of buy-side portfolio managers and traders at the FILS conference in Nashville last week was focused on ways to better manage inefficiency out of the ...
