JP Morgan extends DCM dominance; Goldman and Morgan Stanley climb rankings
Dealogic's preliminary first-half 2026 league tables show JP Morgan holding the top spot in global debt capital markets by volume, while Morgan Stanley and...
European IG liquidity is recovering
Looking at MarketAxess data from its TraX service, covering fixed income trading across the corporate bond markets in Europe, the US and emerging markets...
European high yield bond issuance slows in Q1
The latest report by the Association for Financial Markets in Europe (AFME) on European leveraged finance, primary high yield (HY) bond issuance fell sharply...
Why high yield dealer relationships are (potentially) more valuable
It is no surprise that trading costs are higher in high yield (HY) markets, but data from MarketAxess TraX, which measure activity across bond...
Will ‘reverse Yankee’ and ‘reverse Cockney’ issuance boost Euro primary markets?
Although Europe has seen lower-than-expected issuance volumes, according to sell-side analysts, there are positive moves into euro issuance, such as those by US fimrs,...
US activity up, European down, but bid-ask spreads are tight all over
As we move into summer of 2026, central bank activity is strikingly different from where markets started the year, and it is directly legible...
Surging issuance reflects confidence overcoming uncertainty
This year is shaping up to be a landmark year for corporate debt markets globally, with issuance running at record or near-record levels on...
How markets in ‘Trumpril’ 2026 compare with last year’s vol bout
The Trump administration’s love of shaking things up each April – and then backing off again in response to the apparently unexpected results –...
The broad-based return of risk appetite
Across almost every market spreads tightened over the past last week, looking at Morgan Stanley data, reflecting an apparently synchronised shift in investor sentiment.
When...
Data shows electronic trading has delivered resilience to US markets
The latest data from MarketAxess’s TraX data tool, which follows activity across multiple marketplaces, and its CP+ pricing tool, show that US markets, particularly...
