Fed: No bond ETF fees for BlackRock; JP Morgan still AWOL
Under the new Federal Reserve asset purchasing programme, BlackRock, the asset manager which is acting as the trading function for the programme, will charge...
CME Group: Expectation of rates rises for BoE in December 2021 and Fed in...
The CME Group’s central bank observations tools BoEWatch and FedWatch show that market expectations indicate increasing probability of a Bank of England rate rise...
Fed begins buying corporate bonds
The Federal Reserve Board has announced the Secondary Market Corporate Credit Facility (SMCCF), will begin buying a corporate bonds to support market liquidity and...
ICMA highlights key ‘dysfunctional’ areas of credit market
The International Capital Markets Association has reported on March’s sell-off and the impact on the corporate bond market, noting that “by March 18, considered...
TMPG meets to discuss key challenges in the Treasury market structure
The Treasury Market Practices Group (TMPG), an industry roundtable coordinated by the US Federal Reserve (The Fed) met on Tuesday 19 October to discuss...
Morgan Stanley: Fed buying programme has benefits beyond direct purchases
Analysis of the Federal Reserve’s Secondary Market Corporate Credit Facility (SMCCF) by Morgan Stanley analysts has found that its purchases of exchange traded funds...
BIS: Cut your trading costs in half by cosying up to dealers
A new working paper, written by the Monetary and Economic Department of the Bank of International Settlements, has found that dealer relationships are crucial...
Fed begins buying bond ETFs
The Federal Reserve Bank of New York has begun to buy fixed income exchange-traded funds (ETFs) via its Secondary Market Corporate Credit Facility (SMCCF)....
Repo markets are back in focus for the Fed’s Treasury Market Practice Group
The US Federal Reserve’s Treasury Market Practice Group (TMPG) has focused this month on discussing the status of repurchase agreement (repo) clearing and settlement...
US Treasury Market Conference: The full account
Michelle Neal, head of the markets group, kicked off the 2023 US Treasury Market Conference last week, which saw the New York Fed host...
