ICMA recommends ECB follows Federal Reserve and SNB policies
The International Capital Markets Association (ICMA) has written to the European Central Bank (ECB) with a “concern that rising dysfunction in the market...
Federal Reserve: Dealer sensitivity major barrier to all-to-all trading in US Treasuries
A new staff paper published by the Federal Reserve Bank of New York has found there are possible advantages in delivering all-to-all trading to...
BoE’s limited window could punish the gilt-y
The Bank of England’s limited UK government bond (gilt) purchase operations have been confirmed to close on Friday, putting tight brackets around buy-side firms’...
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...
FILS 2022: Market endures despite liquidity squeeze; strong dollar remains safe haven
The macroeconomic fallout of Russia’s invasion of Ukraine will continue to constrict liquidity for Europe’s fixed income markets and dictate central bank monetary policy...
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...
Are interdealer markets dead?
So-called ‘interdealer’ markets have long been used by large buy-side firms. This well-known secret creates inequality for those investment firms barred from participating, and...
SEC proposes new central clearing rules for US Treasury market
US market regulator, the Securities and Exchange Commission (SEC) has proposed rule changes to enhance risk management practices for central counterparties in the US...
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...
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...
