Government

US and Middle East bond issuance separated by Iran war

The US markets saw a record day of issuance on 10 March, supported by the massive USD37 billion issued by Amazon, alongside a euro-denominated...

Why Saudi bond indexation may not boost market liquidity

The inclusion of Saudi Arabian bonds in the JP Morgan Government Bond Index–Emerging Markets (GBI‑EM) could materially change the market’s liquidity profile, but traders should...

Emerging market sovereign traders track bullish metal market

Emerging market (EM) sovereign debt stands apart from other EM asset classes, due to its exceptionally high commodity exposure. For several EM markets, with...

How e-trading won bond investors an opportunity in the Venezuelan crisis

The dramatic escalation of Venezuela’s political crisis — culminating in the US military operation that removed Nicolás Maduro from power — has triggered a...

‘Disbelief’ is becoming market response to US policy announcements

The failure to support policy and public announcements by the current US administration has hurt investors enough that they no longer react to public...

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...

What Mexico’s vol risk means for trading LatAm bonds

In Latin American (LatAm) markets, economic volatility may transfer into market volatility – most notably in Mexico. In order to manage risk and seize opportunities...

E-trading boosts efficiency not liquidity in Japan’s buy-and-hold bond market

Japan’s bond market has long been seen as voice-heavy, with established traditions of relationship-based trading and an aversion to electronic, less personal alternatives. However,...