Fed begins buying bond ETFs
The Federal Reserve Bank of New York has begun to buy fixed income exchange-traded funds (ETFs) via its Secondary Market Corporate Credit Facility (SMCCF)....
Are US dealers still offsetting credit trading risks?
As US banks see credit positions turn negative, and interdealer market volumes remain flat, The DESK asks how they offset risk as their credit...
Record volumes reported across platforms
By Vineet Naik.
Record trading volumes have been reported across platforms in 2019 despite decreased volatility and challenging market conditions. LiquidityEdge, TradeWeb, and MarketAxess have...
NNIP sees three areas of opportunity under moderate rate rise
By Flora McFarlane.
With the Fed expected to announce a third interest rate hike in December, and European counterparts likely to follow suit, investors have...
How can high yield be traded efficiently in a risk off environment?
Banks are stepping back from taking risk in high yield trading. Trading in a risk-off environment in normal circumstances can be challenging as spreads...
Electronic trading volume in US fixed income hits record
Electronic trading of US investment-grade and high-yield bonds reached an all-time high in July according to data from Coalition Greenwich.
Overall electronic trading accounted for...
Candriam promotes bond chief to CIO
Candriam, the global multi-asset manager has appointed Nicolas Forest, Candriam’s global head of fixed income since 2013, as its new chief investment officer (CIO),...
November’s bumper month for fixed income e-trading
Electronic trading platforms have reported a bumper November for fixed income trading, with CME reporting interest rate average daily volume (ADV) up by 42%;...
Jefferies moves into outsourced fixed income trading with Siegel hire
Industry veteran Jory Siegel has joined Jefferies as head of fixed income outsourced trading, from Marex.
Siegel was previously managing director and head of fixed...
The implication of falling US HY Issuance
Anecdotally, we hear that new issuance of high yield bonds in European markets directly impacted secondary market liquidity. Looking at the latest data from...
