TransFICC: The Evolution of the Muni Market
Driven by volume growth and technology
By Bo-yun Liu, Director of Product Solutions, TransFICC
Taken in aggregate, the Muni market is roughly $4.2T Outstanding with $15.6B...
Year-to-date issuance higher in corporate bonds as leveraged loans drop
Issuance of corporate debt in the US and European markets is looking relatively strong year to date, however loans have tailed off significantly, according...
European credit volumes plummet as US stays buoyant
European corporate bond markets have seen trading volumes and trade count collapse going into summer, as the holiday period provides some respite for tired...
Traders welcome India’s bond e-trading evolution as regulator shows teeth
The Indian bond market provides a conundrum for investment traders, who fight to gain access to liquidity and pricing information on behalf of their...
BNY and Goldman Sachs launch tokenised money market fund shares
The Bank of New York Mellon Corporation and Goldman Sachs have announced a collaborative initiative in which BNY is expected to use blockchain technology...
Second quarter issuance recovers after soft April and May
Morgan Stanley has reported that June issuance increased 13% year-on-year (YoY) following a 34% drop in April and 3% decline in May.
“Strong June issuance...
EM traders ride out the chaos
It would be understandable if trading in emerging markets (EM) debt were becoming more expensive as risk increased in many markets it makes up,...
E-trading boosts efficiency not liquidity in Japan’s buy-and-hold bond market
Japan’s bond market has long been seen as voice-heavy, with established traditions of relationship-based trading and an aversion to electronic, less personal alternatives. However,...
Do Europe’s credit trading costs invert the pattern for US debt trades?
An analysis of average bid-ask spreads in corporate bond markets across the European and US markets suggests that median bid ask spreads responses are...
Origination: Will Germany support European debt mutualisation?
UBS Asset Management’s Jonathan Gregory, head of UK fixed income, has posited the idea that European countries may at some point seek to mutualise...
