The DESK - Fixed Income Trading

Tradeweb poaches Dan Cleaves to lead Dealerweb CLOB

Dan Cleaves

SIFMA finds support for shift in benchmarking of 20-year US corporate bonds

The spread for many legacy 20-year US corporate bonds is benchmarked against the 30-year Treasury, but trade body SIFMA has found support for moving it to the 20-year ...

CME Group completes migration of BrokerTec trading platform to CME Globex

John Edwards, managing director of BrokerTec Europe

DirectBooks launches platform for issuance of US corporate bonds; European expansion on cards

Rich Kerschner, CEO, DirectBooks.

BrokerTec launches dealer-to-client repo execution platform into US markets

John Edwards, managing director of BrokerTec Europe

CFTC & SEC: JP Morgan manipulated Treasuries market during flash crash period

Heath Tarbert, Chairman, CFTC.

Greenwich: Treasuries volatility ‘crazy’ low compared to 2019

Analysis by research firm Greenwich Associates has found the US Treasury market saw volatility 50% lower in August 2020 than in August 2019, which report author Kevin ...

Greenwich: D2C Treasuries e-trading increases in July

An analysis of trading in the US Treasury space by Greenwich Associates has seen the proportion of electronic dealer-to-client activity (D2C) increasing in July, even as ...

Office of Financial Research: Treasury basis trades could pose systemic risk

A new paper from the Office of Financial Research (OFR) has cast doubt on the idea that basis trades increased the lack of liquidity in US Treasuries in March 2020, but ...

Buy side wants new tools in primary market tsunami

Several buy-side traders report new primary bond market tools could come online this year in the US, with dealer consortium DirectBooks expected to step up, Bloomberg ...

Fed’s Treasury Market Practices Group sheds light on March liquidity crisis

Minutes of the 31 March meeting of the Federal Reserve’s Treasury Market Practices Group (TMPG), including an update on a 19 March call between members, has highlighted ...