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
Analysis: Impact of debt issuance on sell-side revenues in Q1
Strong bond issuance in the first quarter (Q1) is galvanising performance of debt capital market teams at investment banks, in turn creating optimism amongst...
AFM: No technical barriers for the implementation of a consolidated tape for fixed income
The Dutch Authority for the Financial Markets (AFM) sees no technical barriers for the implementation of a consolidated tape (CT) for fixed income. In...
Bryan Hall swaps MFS for Maple Capital Management
Bryan Hall has left MFS Investment Management after more than two decades, joining Maple Capital Management as a fixed income portfolio manager.
Hall has spent...
Bondecosystem and TransFICC partner for bond market connectivity
Outsourced connectivity specialist Bondecosystem has partnered with financial technology provider TransFICC, to deliver a low-latency execution and connectivity service to electronic fixed income venues.
The...
Kluth named head of dealing at AMP Capital
Dylan Kluth has been promoted to head of dealing at AMP Capital, seven years after taking up his first trading role as an equity...
US credit jitters do not spill over to Europe, ICE data shows
In an environment of rapid market shifts and mounting uncertainty, recent ICE data reveals that while volatility in U.S. credit markets has surged, European...
Neil Palan joins Sarasin & Partners
Neil Palan has joined Sarasin & Partners, an investment manager with £18.8 billion in assets under management, as a multi-asset trader.
Palan spent 16...
AllianceBernstein CEO calls for review of daily dealing bond funds
Seth Bernstein, CEO of buy-side firm AllianceBernstein, has called for a review of daily dealing for clients, for mutual funds, while maintaining support for...
ESMA reports EU bonds subject to MiFID II transparency
A total of 1,355 liquid bonds trading on EU trading venues are currently subject to MiFID II transparency requirements, according to the European Securities...
Ediphy Analytics announces ten financial institutions working with its consolidated tape
Data analytics provider Ediphy Analytics is now working with over ten global financial institutions, including Norges Bank Investment Management, Deutsche Bank, Citadel Securities and...
UK to allow shorting of government debt and sovereign CDS
The UK Government has said it will remove requirements currently placed on investors when taking out short positions in sovereign debt or sovereign credit...
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...
