Electric dreams in global rates markets
Electronic trading between dealers and buy-side institutions is taking different paths in government bond markets, globally. Lucy Carter investigates.
“We have seen growth in the electronification of...
US markets seeing risk implied in bid-ask spread
While US stock markets are in turmoil, US investment grade bond markets are also reflecting the greater uncertainty caused by an erratic approach to...
Implications of Atlanta Fed negative GDPNow score for US credit
The Atlanta Federal Reserve’s GDPNow estimate for real GDP growth in the US hit 2.4% on 6 March 2025, up from -2.8 percent on 3 March,...
Orderly sell-off despite Bund bid-ask spread blow out
Borrowing costs for the German government spiked after an announcement of increased expenditure for its military, triggering a sell-off in German government bonds (bunds)...
Picturing uncertainty in a traditionally stable market
Trading numbers in secondary corporate bond markets appear to reflect anecdotal reports of volatility bursts, as political false starts impact the reading of major...
The Book: Primary dealer positions climb rapidly, but concerns appear unfounded
Primary dealer positions of US Treasury holdings are expanding rapidly, but concern around restrictions on capacity are misplaced according to analysis.
A new paper by...
Origination: Brookings Institute: Threat from US debt levels very limited
A new paper by the Brookings Institute has highlighted reasons for concern around the growing US debt pile, and the dynamics that could affect...
Measuring digital bond issuance
The use of distributed ledger technology (DLT) to issue bonds can tackle several concerns in the debt markets. Firstly, it reduces the fragmented information...
Rules & Ratings: US rate cuts now challenged by tariff policy
The use of trade tariffs between the US and potentially Mexico, Canada, the European Union and certainly China, which had a 10% tariff imposed...
Origination: KfW drives the leading edge of bond issuance
The supranational, sub-sovereign and agency (SSA) bond issuers are expected to be the most forward looking issuer group in evolving primary debt markets.
The DESK...
