Substantially higher US investment grade stress going into 2023
The Federal Reserve Bank of New York’s Corporate Bond Market Distress Index (CMDI) is closing 2022 with investment grade US bond markets twice as distressed as...
Bank of England releases detail on index-linked gilt purchases as LDI woes continue
The Bank of England (BoE) has said it continues to monitor developments in financial markets very closely in light of the significant asset repricing...
Chart of the week: ECB rates rise expectations
Expectations on the European Central Bank’s appetite to increase its interest rate will have a direct and negative impact on European bond trading which...
US agencies report on US Treasury market changes; market making still out of scope
A new report entitled, ‘Enhancing the resilience of the US Treasury Market’, has outlined the steps taken by US authorities to support what it...
Bank of England to buy bonds in effort to battle Sterling crisis
The Bank of England will carry out temporary purchases of long-dated UK government bonds from 28 September in an effort to restore orderly market...
Buy-side firms warn on herding effect of QE
By Aulia Beg.
Portfolio managers have expressed concern about the ‘herding’ behaviour within the investment community, resulting from central banks’ quantitative easing (QE) programmes.
In a...
Are US dealers still offsetting credit trading risks?
As US banks see credit positions turn negative, and interdealer market volumes remain flat, The DESK asks how they offset risk as their credit...
Denmark FSA investigating bond funds’ double-figure losses
Sources report the Danish Financial Services Authority (DFSA) has launched an investigation into fund losses from mortgage bond holdings, as rising interest rates have...
How traders weathered the Treasury sell-off
The US Treasury’s auction of seven-year notes last Thursday saw the lowest investor appetite ever, according to some sources, leaving primary dealers holding the...
EIB prices first sterling digital bond
The European Investment Bank (EIB) has priced its first ever £50 million digital bond using a combination of private and public blockchains operated and...
