Visualising aggressive pricing pressure on trading costs
Analysing year-to-date volume and trade number data from MarketAxess’s TraX database for US credit, and correlating it with the weekly average MarketAxess CP+ bid-ask...
The election effect: Issuance in an election year
Looking at Dealogic data for debt issuance over the past four year tenures of US presidents, it is notable how much the macro picture,...
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...
How is e-trading accelerating the momentum for global Emerging Markets?
Despite persistent macroeconomic challenges, EM bonds have achieved broad gains in 2024.
Traders are increasingly on the lookout for tools that can help them...
Under pressure
Secondary markets trading has seen a net trend towards tighter bid-ask spreads for trading across all corporate bond segments in US, Europe and emerging...
UK government debt issuance soars
The latest report from the Association for Financial Markets in Europe (AFME), looking at European government bond markets, found that €1 trillion of bonds...
Is European credit electronification bouncing back?
There has been a noted proportional increase in electronification of US credit trading, as tracked by Coalition Greenwich. However, metrics around European trading found...
Ongoing effect of CSPP on European credit markets
Europe has seen considerable growth in credit issuance this year relative to 2023, with last week finding a 116% year-on-year increase in non-financial high...
Enhanced execution through automation
Andrew Cameron, Automation Solutions at MarketAxess, discusses the benefits of automation in trading.
Automation technologies have revolutionised so many aspects of our lives that it’s...
Money markets begin to tail off as rates fall
Reviewing the second quarter activity in primary markets and fund flows, we see the total notional outstanding in US fixed income totalled US$45.3 trillion,...
