Trading Volumes

US credit volumes drop but trade sizes and costs stay flat

US corporate bond markets have seen volumes drop across investment grade and high yield trading in February 2025, however according to data from MarketAxess...

Is Europe’s consolidated tape already shaping trade sizes?

Trade sizes in Europe’s corporate bond markets are aligning across investment grade (IG) and high yield (HY) sectors, while the US markets are still...

Risk-off showing in corporate bond trading costs

The rigid grip on safer assets that investors have taken over the past two weeks has clearly shown in trading costs as bid-ask spreads...

Visualising the cost of credit trading cut in half since 2023

Credit markets have seen bid-ask spreads, a proxy for trading costs for the buy-side, tighten further in the first two weeks of 2026, relative...

Bid-ask spread volatility highest in US bond markets

When comparing liquidity across markets in 2025, buy-side bond traders may consider European investment grade markets to have an optimal set of characteristics. However,...

US credit activity dropped off a cliff in late November

Analysis of US corporate bond market activity has found that trading volumes and counts plummeted going into the final month of the year. A...

Credit trades’ double-figure yearly growth proves liquidity dividend

The gradual growth in trade sizes for European corporate bond trades is made clear in the latest MarketAxess TraX data comparison for data from...

Trade size disparity in US credit speaks volumes about balance sheet

Analysis of trading activity in the US corporate bond market shows that investment grade (IG) bonds are seeing greater moves towards larger order sizes...

Bid-ask spreads expanding in European credit

European credit traders have seen bid-ask spreads expand over the past two weeks, however this follows a notable tightening since summer, according to data...