September explodes with new corporate bonds
Traders report expectations of outsized corporate bond issuance, with up to US$60 billion expected in US investment grade issuance, and reached $53 billion last...
Bringing innovation and liquidity to the US Treasuries market
Earlier this month, PIMCO, one of the world’s largest fixed income asset managers, published their view on how to improve the functioning of the US...
China Focus: The secondary effect of defaults
The bid-ask spread for bonds in China’ property market has expanded by 300% this year, although even more so for Evergrande which increased by...
High yield bond issuance relative to liquidity
A report by the Association for Financial Markets in Europe (AFME) has found that primary issuance of European high yield (HY) bonds in 2023...
Unlocking Liquidity for the U.S. Treasury Markets
Unlocking Liquidity for the U.S. Treasury Markets
By MarketAxess | 22 November 2022
Advocating for all-to-all trading has always been the MarketAxess way, but lately, it...
Summer heat subdues European activity
Activity in both European high yield (HY) and investment grade (IG) declined in the last week of July, with trade volumes falling to yearly...
High yield issuance may bounce back
The data for Q1 bond issuance in European high yield (HY) markets shows that it fell 22.7% according to the Association for Financial Markets...
US liquidity costs spiked more violently than in Europe
Bid-ask spreads have widened massively in recent weeks, according to MarketAxess CP+ data, with the price in US investment grade nearly doubling in the...
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...
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...
