Competition in US Treasury clearing could sustain vicious exchange battle
The bitter competition between FMX and the CME, for trading of US Treasuries and Treasury futures, could enter an accelerated phase as new clearing...
Tradeweb and MarketAxess beat TRACE growth in November
US electronic credit activity firmed in November. On FINRA’s TRACE tape, combined US investment-grade and high-yield average daily volume (ADV) rose to US$57.8 billion,...
Scottish ‘vanity’ issuance project puts investors at risk from independence
The Scottish Government has confirmed plans to enter the bond market and issue £1.5bn of debt in 2026-2027.
Ben Ashby, chief investment officer at...
Milei’s victory saw Argentinian debt traders reach for rapid risk transfer
In late October 2025, Argentine President Javier Milei’s party, La Libertad Avanza, scored a decisive win, in the country’s midterm elections, a political triumph...
Investor Appetite: Credit buyers show stiff upper lip
Credit investors have proven resilient to political uncertainty while happy to take up the promised future view of AI application. As a result corporate...
Ratings and Analysis: Is the life insurance the wobbly leg of finance?
US life insurer, Brighthouse Financial, was downgraded by ratings agency Fitch on Monday, following the announcement it was to be acquired by private investment...
Strategically automate and allocate to survive
There is a lot to be afraid of in the modern world. Geopolitical shocks, inflation and black swans abound, and the old ways do...
Investor Demand: BofA finds investors still upbeat despite AI bubble risks
The latest Bank of America ‘European Fund Manager Survey’ has found that investor confidence has returned as stronger growth and sticky inflation creates a...
September takes the biscuit in new issues
September did not disappoint in its delivery of high issuance in the US for corporate bonds across both investment grade and high yield. Monthly...
“A fixed income price is not a fact. A fixed income price is an...
David LaRusso is the head of fixed income trading at Dimensional Fund Advisors, and has just celebrated his 25th anniversary at the firm. The...
