Office of Financial Research: Treasury basis trades could pose systemic risk
A new paper from the Office of Financial Research (OFR) has cast doubt on the idea that basis trades increased the lack of liquidity...
How the ICMA got firm on bond pricing
Buy-side traders have long decried the lack of executable price in bond markets. For the best part of a decade the electrification of these...
If you go down to the woods today…
The bond market is bearish at a historical level according to analysis by BofA Securities, with high yield down -16.7%, investment grade down -19.3%,...
Liquidnet: Traders moving towards alpha capture
By Vineet Naik.
New research indicates that the role of the trader is shifting towards enhancing fund performance by not only the protection, but also...
Bond platforms report record trading volumes for March
The March 2020 numbers are in for bond trading platforms MarketAxess and Tradeweb and both have seen record results, in a period that has...
Bond traders report screen prices are off by 10%
Several buy-side fixed income traders have confirmed that electronic prices are currently around 10% off the price that bonds are actually trading at, creating...
BNY Mellon adds agency MBS to new DTCC cleared repo sponsored...
US post-trade market infrastructure giant, the Depository Trust & Clearing Corporation (DTCC), has launched its Sponsored General Collateral (GC) Service, a new offering from...
Tradeweb to acquire Nasdaq’s eSpeed central limit order book
Electronic bond market operator, Tradeweb, has agreed to buy Nasdaq’s US fixed income electronic trading platform. The Nasdaq interdealer platform, formerly known as eSpeed,...
Greenwich Associates: Buy side negative on CLOB for US treasuries
By Flora McFarlane.
Only 16% of buy-side firms thought using a central limit order book (CLOBs) would have a positive impact on trading US treasuries,...
PGIM: Research indicates liquidity event is tail risk with greatest impact
In a survey of 400 senior investment decision-makers at institutional investors in Australia, China, Germany, Japan, the UK and the US with a combined...
