September takes the biscuit in new issues
September did not disappoint in its delivery of high issuance in the US for corporate bonds across both investment grade and high yield. Monthly...
What’s up EM?
Emerging market volumes have jumped in September, hitting levels not seen since April 2025, when the US trade taxes on imported goods from every...
Issuance up in lower rated debt
Analysis by Morgan Stanley’s team has found that, despite the slowing down of bond issuance globally in August, the higher levels of activity in...
High yield market makers comfortable with risk
European bond traders are seeing average trade sizes expanding in September while bid ask spreads lower to the bottom end of their range as...
September explodes with new corporate bonds
Traders report expectations of outsized corporate bond issuance, with up to US$60 billion expected in US investment grade issuance, and reached $53 billion last...
Price volatility in credit
We saw a big drop in average bid-ask spreads (>7%) for US investment grade (IG) last week, possibly a response to the massive levels...
European debt is standing up for primary markets
Global debt capital market (DCM) deal count year-to-date is down 5% year on year, according to Dealogic data. However, the local market pictures present...
Analysing the split between US and EU investment grade trade sizes
Recent reports that high yield (HY) trades are increasing in size and investment grade (IG) are shrinking, have ignored the year-on-year growth of European...
Portfolio Trading and price discovery in US IG and HY markets
By Jessica Hung and Chisom Amalunweze
In our PT vs RFQ List White Paper, we found that PT provides superior execution outcomes for illiquid bonds,...
Summer heat subdues European activity
Activity in both European high yield (HY) and investment grade (IG) declined in the last week of July, with trade volumes falling to yearly...
