The Book: Who will drive reform in primary markets?
Primary market practices are under pressure to change, however the urgency and direction given for adaptation are often skewed by specific market participant groups.
The...
Competition for debt issuance fierce as activity remains
Primary debt markets are likely to be a major revenue earner for dealers facing tighter margins in secondary bond markets. Issuance has started strongly...
China government bond issuance reducing transparency of total social finance
Understanding state support for the economy in China can be measured across several dynamics, but debt provision to the non-financial private sector, known as...
DCM deals substantially up year-on-year
Total deal size volume for debt capital markets, year-to-date is up 32% on 2023, according to data from Dealogic.
The trend in regional deals has...
The Book: BofA DCM team give issuers confidence for financing in 2025
The DESK spoke with Bank of America’s Julien Roman, head of EMEA DCM FIG Origination, Paula Weisshuber, head of EMEA Corporate DCM, and Adrien...
Moody’s: Short-term refinancing to grow in 2025
A report from rating agency Moody’s, has found that the proportion of US non-financial investment-grade corporate bonds needing refinancing within five years has grown...
The greatest surprises in bond trading of the last decade
The DESK asked interviewees from its ‘On The DESK’ profile interviews of the last ten years to assess the most surprising changes they had...
UK government debt issuance soars
The latest report from the Association for Financial Markets in Europe (AFME), looking at European government bond markets, found that €1 trillion of bonds...
Ongoing effect of CSPP on European credit markets
Europe has seen considerable growth in credit issuance this year relative to 2023, with last week finding a 116% year-on-year increase in non-financial high...
FILS 2024: “Cause for optimism” in primary markets
While the majority of trading in secondary markets happens electronically, primary markets are falling behind and continue to favour manual workflows. However, there’s cause...
