Moody’s strips US of its final triple-A
Moody’s Investors Service has cut the long-term sovereign rating of the United States by one notch to Aa1, citing the inexorable rise in federal...
European liquidity costs remain high after April shock
Bond markets are beginning to settle on both sides of the Atlantic after the shock of Liberation Day and various amendments to tariff policies...
European bid-ask credit spreads not assuaged by tariff roll back
Liquidity costs in European corporate bond trading remain elevated, after the tariff shock in early April saw bid-ask spreads widen significantly across markets, according...
Insights and Analysis: Citadel Securities challenges primary market conflicts
A year ago, rumours in the bond markets suggested that Citadel Securities might be planning a move into bond issuance, a move which buy-side...
CUSIP issuance up YoY, but March decline signals concern
Year-to-date CUSIP issuance, which is indicative of new debt securities being issued, has increased year-to-date against 2024 figures, according to CUSIP Global Services (CGS).
Its latest...
Excited or scared? The liquidity rollercoaster
Bid-ask spreads across all credit markets shot up in the week of 7 April, following the announcement of global tariffs on imports to the...
Pre-Trade data strategy: Optimizing protocol selection in European Credit
By Chris Egan & Aria Pattinson-Spiers: A decision that clients often face is which trading route to take—a high touch or low touch approach....
JP Morgan leads DCM amidst primary markets retreat in Q1 2025
In the first quarter of 2025, global debt capital markets (DCM) activity retreated while JP Morgan maintained its position at the top of the...
US HY volumes hit yearly highs post-Liberation Day
US high yield (HY) trading volumes hit yearly highs last week as the country comes to terms with the implications of Trump’s ‘Liberation Day’...
Trade munis like a champion.
To kickoff Muni Madness, MarketAxess are unveiling their latest White Paper that details the methodology behind this revolutionary pricing tool that brings transparency to...
