Secular vs cyclical: How e-trading, issuance and credit spreads align with liquidity
Primary markets are a crucial source of liquidity in secondary markets, as new issues trigger a round of buying and selling activity for newly...
Analysing concern around Japan’s government bond issuance and interdealer inefficiency
The appointment of Liberal Democratic Party (LDP) leader Sanae Takaichi as the country’s first female prime minister has drawn comparisons with two of the...
Quant funds assess the value of trading
There are huge variations in investment and trading activity across quantitative strategies, the Fixed Income Leaders Summit heard in Amsterdam on Wednesday, and the...
Investor Demand: IG private credit creates ‘attractive entry points’ for investors
Research by Aviva Investors has broken down the illiquidity premia paid via private debt markets, noting that it is improving for investors, even as...
TradFi meets DeFi: Integrating FIX and distributed ledgers
Led by global co-chair Digital Assets & Technology Committee, Vince Turcotte, 35 participants from the APAC digital assets ecosystem gathered at the 23rd Asia...
Rules & Ratings: S&P warns on forecast uncertainty
S&P Global Ratings has said it believes a high degree of unpredictability exists around policy implementation by the US administration and possible responses regarding...
Money markets begin to tail off as rates fall
Reviewing the second quarter activity in primary markets and fund flows, we see the total notional outstanding in US fixed income totalled US$45.3 trillion,...
The pros and cons of record issuance
Bond markets typically see increased liquidity around a bond shortly after it is issued. However, this does not mean that markets are automatically more...
High Yield issuance is taking off
Comparing corporate bond issuance volumes for 2023 and 2024, we can see that the pattern is frequently a high start to the year, with...
Analysis: Impact of debt issuance on sell-side revenues in Q1
Strong bond issuance in the first quarter (Q1) is galvanising performance of debt capital market teams at investment banks, in turn creating optimism amongst...
