How a credit sell-off might unfold…
Someone, somewhere, is cooking the books
In 2007, I explained the risks of cumulative capital market investments to a friend as a series of interconnected...
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...
Investor Appetite: Credit buyers show stiff upper lip
Credit investors have proven resilient to political uncertainty while happy to take up the promised future view of AI application. As a result corporate...
I just dropped in to see what condition my credit was in…
Credit conditions are in the headlines following several private credit defaults, and the debt-fuelled, forward investment in data centres which are expected to underpin...
Issuance tracking down in lower rated debt
Issuance of lower rated bonds and leveraged loans across Europe and the US fell in October, according to analysis by investment bank Morgan Stanley,...
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...
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...
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...
FCA estimates revenue from UK consolidated tape to be £4 million over five years
Attendees at the Fixed Income Leaders Summit in Amsterdam were told to get ready for the arrival of the consolidated tape in Europe, with...
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...
