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MARKET NEWS
US retail goes big on directly-held bonds
Retail investors are leaning back into bonds, according to a recent Coalition Greenwich report – and are increasingly owning them directly, rather than through...
Doriane Geyler Rojas joins Ostrum AM
Doriane Geyler Rojas has been appointed business manager and project lead within the "direction des gestions" at Ostrum Asset Management.
Ostrum AM says it manages...
“Carelessness, inattention, inadequate safeguards”: FCA hits back at Ediphy
The FCA has disputed Ediphy’s allegations that its consolidated tape provider e-auction process experienced a technical fault, and did not register its weighted average...
S&P Global acquires With Intelligence
S&P Global has acquired private markets data, insights and analytics firm With Intelligence in a US$1.8 billion deal.
The company announced in October that it...
Eurex offers PLN swap clearing market
Eurex is developing a Polish Zloty (PLN) interest rate swap clearing market in light of EMIR 3.0 requirements.
The increased netting opportunities this provides will...
MacIndoe leaves Millennium Advisors
Fixed income trader Michael MacIndoe has left Millennium Advisors after seven years with the company.
MacIndoe has been in the industry for 15 years, with...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ iBoxx total return based futures traded...
Trade size growth undercuts European bond market ‘equitification’
Since 2023 European corporate bond markets have seen trades size grow, as trading platforms report increasing volumes
“If we break down electronic trading growth in European...
The pretenders, and kingmakers, to the bond throne
Dealers are backing several new trading platforms who are fighting major incumbents for market share.
In the bond market, the trading platform landscape has been...
Declaration of dependence
US president to oversee financial institution regulation amid deregulation drive.
Executive orders signed by US president, Donald Trump, have given him oversight of all US...
PROFILES
RESEARCH
Bond traders predict data science/AI use explosion in 2026
The DESK’s Corporate Bond Liquidity Access Survey, supported by LTX, finds trading desks are on the cusp of change.
Buy-side traders see 2026 as a turning...
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Credit Spotlight
RISK & RETURN
FROM THE ARCHIVES
Ongoing effect of CSPP on European credit markets
Europe has seen considerable growth in credit issuance this year relative to 2023, with last week finding a 116% year-on-year increase in non-financial high...
Viewpoint: John Robinson & Byron Cooper-Fogarty
Sharpening the axe: Neptune sees expanding opportunity for buy- and sell-side.
Buy-side firms are consuming more data than ever and Neptune is well placed to ensure...
Izzy Conlin & Bryan Knapp: On cutting through complexity
There is nothing simple about the task facing BlackRock’s dealing teams, who trade for some of the world’s largest fixed income positions. For Izzy...
Eurex’s EU bonds futures go live
Eurex’s Euro-EU bond futures (FBEUs) are now available for trading.
The instruments, which were first announced in April, provide a physically deliverable futures contract designed...
Python eats traders
By Chris Hall.
Balancing man and machine will be the critical success factor for buy-side trading desks, delegates were told in Thursday’s head trader keynote...
April saw European bond volume dip
Data from MarketAxess has indicated that trading across bond markets in Europe dipped in April, with European sovereign trading volumes dropping after a period...
Turkey’s Fibabanka raises US$150m AT1 capital
Turkey’s Fibabanka has completed a US$150 million AT1 issuance, led by Citibank, Standard Chartered Bank as joint global coordinators and bookrunners and Emirates NBD...
MarketAxess pushes muni e-trading with pricing engine expansion
Responding to growing interest in muni market e-trading, MarketAxess’s AI-powered electronic pricing engine CP+ is now available for municipal bonds.
Julien Alexandre, global head of...
ESMA corrects SI bond ranking to place BNP Paribas as second in Europe
The European Securities and Markets Authority (ESMA) has republished its ESMA Annual Statistical Report, now stating that the largest systematic internalisers (SIs) for bond...
South Korean government bonds join FTSE World Government Bond Index
FTSE Russell has published the results of its annual country classification review for countries monitored by its global fixed income indices, reclassifying South Korean...
The winners in the primary market
In the bond issuance markets, there have been a few subtle changes in the top five most successful banks for syndication, and less subtle...
Dealers struggle to unpick impact of runs sent to rivals
Sell-side firms say that analysis of the accidental distribution of dealer runs, which happened on 4 December via Bloomberg’s Message service, is proving challenging....
