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...
American primary debt markets keep humming
Dealogic data show US debt capital market (DCM) issuance is little changed year on year (YoY) in aggregate: 2025 year-to-date (YtD) totals US$1.97 trillion...
Year-to-date issuance higher in corporate bonds as leveraged loans drop
Issuance of corporate debt in the US and European markets is looking relatively strong year to date, however loans have tailed off significantly, according...
European credit volumes plummet as US stays buoyant
European corporate bond markets have seen trading volumes and trade count collapse going into summer, as the holiday period provides some respite for tired...
Second quarter issuance recovers after soft April and May
Morgan Stanley has reported that June issuance increased 13% year-on-year (YoY) following a 34% drop in April and 3% decline in May.
“Strong June issuance...
