MARKET NEWS
Scottish ‘vanity’ issuance project puts investors at risk from independence
The Scottish Government has confirmed plans to enter the bond market and issue £1.5bn of debt in 2026-2027.
Ben Ashby, chief investment officer at...
Milei’s victory saw Argentinian debt traders reach for rapid risk transfer
In late October 2025, Argentine President Javier Milei’s party, La Libertad Avanza, scored a decisive win, in the country’s midterm elections, a political triumph...
October credit futures’ activity cools after September busy roll month
In October trading volumes of credit futures at Eurex, Cboe global markets and CME cooled after the September roll month, but open interest continued...
Scotland rated AA/Aa3 ahead of debut ‘kilt’ bonds
Scotland has received its first standalone credit ratings from Moody’s and S&P Global, with both agencies placing the Scottish Government on the same high...
T. Rowe Price deploys Genesis’ primary bond custom tool
T. Rowe Price has gone live with Genesis global’s primary bond issuance (PBI) tool. It aims to standardise how its fixed income teams manage...
BoE issues stablecoin regulation proposals
The Bank of England has issued a proposed regulatory regime for sterling-denominated systemic stablecoins, revising two elements of policy proposed in a 2023 discussion...
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
Christie Goncalves joins Rathbones
Christie Goncalves has been hired by Rathbones as an assistant portfolio manager (APM), following her departure from Vanguard.
She will operate as APM in the...
Tim Cook joins Tradeweb
Tim Cook has been named director for emerging markets at market operator Tradeweb.
Cook was the head of business development at LedgerEdge until the...
How UBS Bond Port gives traders greater control during market stress
Traders were empowered by electronic execution in the sell-off thanks to market innovation. The DESK speaks to Graham Cox and Nicolas Masso, Global Co-Heads of UBS Bond Port.
How...
2021 European Markets Choice Awards – The WINNERS
2021 European Markets Choice Awards – The WINNERS
We are delighted to announce the winners of the inaugural European Markets Choice Awards. For some categories...
BlackRock acquires Preqin
BlackRock has agreed to acquire private markets data provider Preqin in a £2.55 billion transaction, expanding its private markets capabilities.
Through the acquisition, BlackRock will...
Fear that ‘diversity washing’ could limit progress
Mark Wade, head of credit research at Allianz Global Investors, has accused the financial services industry of ‘diversity washing’, during a debate about inclusivity...
Nomura pushes regional growth, hires Zorzoli
Nomura has named Filippo Zorzoli as EMEA head of global market sales.
Based in London, Zorzoli reports to Nat Tyce, EMEA head of global markets...
Soft volatility hinders US rates e-trading
Volatility was down 27% year-on-year (YoY) and down 6% month-on-month (MoM), with the MOVE index recording 80.43. This is the index’s lowest level since...
EC suspends best execution reporting which is “not read at all”
The European Commission (EC) has adopted a Capital Markets Recovery Package, as part of the Commission's overall coronavirus recovery strategy which includes increased leniency...
Landazabal to lead trading at GAM
Juan Landazabal is to join Swiss asset manager, Global Asset Management (GAM), as global head of trading, according to an email seen by The...
New York Life Investments boosts European private markets business
Asset manager New York Life Investments, with its European affiliate Candriam, is expanding its private markets business through a partnership with European investment firm...
Origination: EC issues €11bn dual-tranche EU-Bond; books top €175bn
The European Commission raised €11 billion in its ninth syndicated deal of 2025, via a €5 billion tap of the 13 December 2032 EU-bond...
