The Fed and BlackRock’s bond-buying criteria challenged
Detail around the Primary Market Corporate Credit Facility (PMCCF) and Secondary Market Corporate Credit Facility (SMCCF) launched by the Federal Reserve Bank of New...
The Fed opens registration for commercial paper facility
The Federal Reserve Bank of New York has opened registration for firms wishing to sell to its Commercial Paper Funding Facility (CPFF).
The commercial paper...
US Treasuries: You can’t handle the truth
Editorial by Dan Barnes.
Nobody wants responsibility for the US Treasuries market. We checked.
In 2014 The DESK approached every US financial regulator and authority to...
Now the buy side can sell bonds to the Fed – via MarketAxess
Bond market operator, MarketAxess, has been designated as an Eligible Seller for the central bank's Secondary Market Corporate Credit Facility (SMCCF) by the Federal...
The changing liquidity picture for fallen angels and rising stars
When a company has its credit rating adjusted, the impact on bond liquidity is not entirely predictable. In a changeable rate environment as seen...
How Fed bond buying is impacting markets
The Federal Reserve Bank of New York is hoovering up assets in order to support corporate borrowing in the US, and subsequently creating some...
BlackRock’s Rieder: Fed will buy at least $1.5 trillion in Treasuries in 2020
Rick Rieder, BlackRock’s chief investment officer of Global Fixed Income, co-manager of the BlackRock Fixed Income Global Opportunities fund and BGF Global Bond Income...
Liberty Street Economics: Active trading could drive loan standardisation
By Flora McFarlane.
A Liberty Street Economics report analysing the US secondary loan market has found that increased trading and liquidity will potentially standardise loans.
The...
TMPG: Better US Treasuries data needed for effective policy
The New York Federal Reserve’s Treasury Market Practices Group (TMPG) has published a white paper on ‘Data Availability and Transparency in the US Treasury...
Mark Carney says bitcoin has ‘pretty much failed’ as money
Speaking at Regents University on 19 February, Mark Carney, the Governor of the Bank of England, said bitcoin, “has pretty much failed” on providing...
