Emerging markets see liquidity costs decline
The cost of liquidity in emerging markets appears to be falling for fixed income traders. Looking at MarketAxess’s CP+ consolidated price feed, and cross-referencing...
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...
What bouncing US credit volumes tell us in June
Looking at corporate bond trading volumes over the past two weeks, data from MarketAxess appeared to show a recovery since levels plummeted in May...
Evidence of trading efficiency from electronification
This week we look at the growth of electronic trading in the US fixed income markets, and the potential it holds to reduce time...
Pacific Western and Banc of California merge, sell US$1.9bn in bonds, munis and treasuries
Banc of California has today completed its merger with PacWest Bancorp, with both firms shedding billions of dollars’ worth of agency commercial mortgage-backed securities,...
High Yield issuance is taking off
Comparing corporate bond issuance volumes for 2023 and 2024, we can see that the pattern is frequently a high start to the year, with...
Sub-2bps bid-ask spreads in US IG are below pre-crisis levels
The US investment grade (IG) credit market is seeing very tight bid-ask spreads in 2021, according to the Composite Plus (CP+) data supplied by...
DLT – What is the value in primary markets?
A recent study prepared on behalf of the Global Financial Markets Association (GFMA) by Boston Consulting Group, Cravath, Swaine, and Moore LLP, and Clifford...
MarketAxess: Portfolio Trading for Tax-Exempt Munis is now live
Portfolio Trading for Tax-Exempt Munis is here!
Optimize your list trading for large or customized portfolios. With the ability to negotiate on individual line...
The Trading Intentions Survey 2022
New platforms and late bloomers are all seeing greater interest.
This year buy-side desks have a renewed vigour for investing in trading tools, with far...
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