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...
Emerging market bonds issuance and returns grow
This week we examine the very directional movements of emerging markets (EM) assets under management (AUM), due to investment flows and growing issuance. With...
EMIR refit: get ahead of upcoming changes
By Joanne Salkeld at MarketAxess
The European Commission's regulatory fitness and performance programme (REFIT) is aimed at simplifying EU legislation and reducing any unnecessary regulatory...
What is driving down EM trading costs?
Analysis of trade size and bid-ask spread data from MarketAxess’s CP+ pricing feed and Trax market data, which tracks activity across markets, indicates that...
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...
Competition for debt issuance fierce as activity remains
Primary debt markets are likely to be a major revenue earner for dealers facing tighter margins in secondary bond markets. Issuance has started strongly...
The summer lull barely touches emerging markets
Trading volumes in fixed income markets typically start the year high and gradually fall, matching issuance and refinancing patterns along with investment allocation decisions....
Europe IG credit trade size collapsed and has not recovered
Corporate bond traders has seen the average trade size reducing in Europe across both investment grade and high yield, suggesting that block trading is...
The election effect: Secondary markets
While the effect of an election on the markets is typically subdued on the day itself – more so when the outcome is uncertain...
European trading strained in high yield
Comparing European high yield (HY) and investment grade (IG) corporate bond data from MarketAxess, the pressure for traders and investors in high yield markets...
