MARKET NEWS
US rates e-trading flourishes in low volatility
Electronic trading in US rates was up two percentage points year-on-year (YoY) and three percentage points month-on-month (MoM) in June, representing 56% of the...
Nearly half of US credit e-traded in June
Electronic trading is breaking out of stagnation in US credit, with Coalition Greenwich predicting that high yield (HY) e-trading will soon hit its highest...
Merali leads rates e-trading at Bloomberg
Arif Merali has joined Bloomberg as global head of rates electronic trading at Bloomberg.
He is based in London.
Nicholas Bean is global head of Bloomberg...
Hastings joins Nomura AM
Richard Hastings has joined Nomura Asset Management as a fixed income client portfolio manager. He is based in London.
As on 31 March 2026, Nomura...
Dimon warns of downturn as fixed income revenues falter
Fixed income trading revenues fell for most US banks in the second quarter, with JP Morgan CEO Jamie Dimon warning that the strong environment...
SpaceX seeks bridge loan relief with mega bond issuance
SpaceX’s US$25 billion bond issuance, the first since its IPO on 12 June, was the largest corporate issuance of June – and surpassed sub-sovereign...
FEATURES
BofA’s Sonali Theisen: Digital Assets Boost Fixed Income Efficiency
Digital assets have the potential to fundamentally reshape institutional markets via 24/7 trading, near-instant settlement, lower capital costs, and programmable infrastructure. As this evolution...
Acadian’s Michael Doros on the future of systematic credit trading
As credit markets become increasingly electronic, systematic managers are gaining new opportunities to scale research, improve execution, and optimize portfolios in real time. Traders...
Invesco: Kaizen and the art of trading
Running one of the leanest teams on the street, Ray Uy’s traders amplify their firm’s investment ideas by combining deep relationships, cutting edge technologies...
The accelerating boat to China: A faster route for traders
China offers investors a wealth of opportunity, with the caveat that markets are not fully open. Where the authorities are cautious about changes to market...
PROFILES
RESEARCH
Trading Intentions Survey: Data and protocol innovation are the battlegrounds for...
The 2026 Trading Intentions Survey has found that data is the most hotly-contested field in supporting corporate bond trading today, while analysis of trading...
Member
Credit Spotlight
RISK & RETURN
FROM THE ARCHIVES
BondXN seeks MBS market electronification with Aladdin
Trading and data platform BondXN has partnered with BlackRock’s Aladdin to accelerate the mortgage-backed securities (MBS) market’s electronic transition.
Through the multi-year agreement, Aladdin’s order...
Have US IG trades hit their smallest size this year?
The fires of summer are being replaced by the floods of autumn, but in the bond markets a gentler and more positive outcome is...
Risk of fiscal crisis in US from growing federal debt
A new report from the Congressional Budget Office (CBO) has found that if current laws governing taxes and spending generally remained unchanged, the federal...
Juggling the growth in CUSIPs
If the population of a country increased by 50% since 2014, you would think a housing crisis was likely.
Yet in the year The DESK...
Credit: The big takeaways from FILS Europe
In a market ‘obsessed’ with yield pick up, seeing considerable inflows into bond funds, corporate debt is getting bought up en masse. While this...
Industry viewpoint : UBS : Giuseppe Nuti
Fixed income: Exploring alternative uses of machine learning
By Giuseppe Nuti, Managing Director, Global Head of the Central Risk Book and Data Analysis at UBS.
Advances in machine learning...
People’s Bank of China releases green bond certification guidelines
By Flora McFarlane.
The People’s Bank of China (PBoC) and China Securities Regulatory Commission (CSRC) has released guidance on the development of the green bond...
Forging new paths in fintech
MarketAxess’s head of business development for post-trade, Camille McKelvey discusses her personal journey, and the path to leadership for women in capital markets.
Camille McKelvey is...
Industry moves closer to 24/7 on-chain collateral availability
A financing transaction from US Treasuries against USDC stablecoin has been completed on the Canton Network, the latest initiative of a working group aiming...
The liquidity bears’ picnic
If you are on the desk, there is often an inverse relationship between the tension you experience and the volume of people relaxing on...
AXA IM: Credit downgrades increases concentration and liquidity risk in index investment
A decrease in the average credit quality of fixed income indices and intensifying competition for high quality assets present increasingly serious challenges for UK...
The big issue
Corporate bond issuance has boomed at the start of 2024, at a point when rates are peaking. They may not be that high in...
