Seize the opportunity to apply AI in quieter bond markets
Secondary credit trading is seeing lower volumes as expected in the summer months, whilst bid-ask spreads have plateaued across Europe and the US markets,...
Local currency emerging market trading grows at MarketAxess
MarketAxess, the operator of an electronic trading platform for fixed-income securities, has seen a rise in volumes of local currency bond trading in emerging...
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....
The US: Too big to Fitch?
Ratings agency Fitch has downgraded the United States’ long-term credit ratings to AA+ from AAA and removed the rating ‘Watch Negative’ stating “ reflects...
Implied cost of liquidity falling, with US high yield an exception
Volumes in the corporate bond markets have been picking back up, relative to bid-ask spreads, indicating an improving liquidity picture across the US and...
Issuance pushes outstanding global debt up 6.2%
Companies around the world took on US$456 billion of net new debt in 2022/23, as of 31 March 2023, pushing the outstanding total up...
ICMA fills in the blanks on MiFID II agreement
A new article written by the regulatory team at the International Capital Markets Association (ICMA), has shed light on details in the agreed text...
EM stabilising could encourage market makers
Emerging market activity has seen a reduction in volatility in the first half of the year, with both volumes and pricing levels falling slightly,...
Examining the (Thames) Water fall
In 2013 when markets still looked precarious amid the fallout from the financial crisis, utilities were a good investment.
With a near cast-iron cashflow...
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Liquidity costs ticking up as the heat rises
Summer is seeing the cost of trading in fixed income markets begin to tick up again, as bid ask spreads begin to widen, according...
