Trading Volumes

Tradeweb leads US credit e-trading in June

Tradeweb pulled ahead in electronic US credit trading last month, with average daily volumes (ADV) reaching US$10.5 billion. As a reminder, we also provide market-assessed...

European IG liquidity is recovering

Looking at MarketAxess data from its TraX service, covering fixed income trading across the corporate bond markets in Europe, the US and emerging markets...

Tradeweb takes the lead in May credit e-trading

Tradeweb and MarketAxess have recovered from their April wobble in US credit, with Tradeweb taking its strongest lead to date. Average daily volumes (ADV) at...

Why high yield dealer relationships are (potentially) more valuable

It is no surprise that trading costs are higher in high yield (HY) markets, but data from MarketAxess TraX, which measure activity across bond...

US activity up, European down, but bid-ask spreads are tight all over

As we move into summer of 2026, central bank activity is strikingly different from where markets started the year, and it is directly legible...

How markets in ‘Trumpril’ 2026 compare with last year’s vol bout

The Trump administration’s love of shaking things up each April – and then backing off again in response to the apparently unexpected results –...

Data shows electronic trading has delivered resilience to US markets

The latest data from MarketAxess’s TraX data tool, which follows activity across multiple marketplaces, and its CP+ pricing tool, show that US markets, particularly...

IG and HY trade size trending back to pre-consolidated tape patterns

After converging sharply in January, average trade size in euro investment grade (IG) and high yield (HY) has begun to separate again, while bid-ask...

Bond markets see trading costs bounce

Average bid-ask spreads have been expanding and contracting like an accordion as investors and liquidity providers struggle to form a coherent view on inflation,...