Refinancing debt: New bonds, old problem
A new paper from Bank of America’s credit strategist Neha Khoda and Adam Vogel has found that bond issuers are facing a significant increase in costs...
Chart of the week: Get in early
Access to primary bond markets has been a headline topic for buy-side traders over the last four years. As issuance volumes have grown, rising...
Craig McLeod: Exploring the new frontiers of EM trading
Today’s EM traders need more data, market access and broader liquidity than ever before to meet the investment profiles of their portfolios. Craig McLeod,...
Shorted dated issuance reflects investor appetite
The analyst team at CreditSights has spotted that the tenor of investment grade bonds being issued in the US primary market Q1 2021 has...
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...
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...
The implication of falling US HY Issuance
Anecdotally, we hear that new issuance of high yield bonds in European markets directly impacted secondary market liquidity. Looking at the latest data from...
Falling costs of liquidity not halted by summer vol
The bid-ask spread for corporate bond markets has continued on a downward trajectory in September, after a bump in August, according to data from...
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,...
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...
