HY - High Yield

The US Treasury market is the foundation for corporate bond market liquidity. When that foundation shakes, the tremors can quickly move into the credit...

The efficiency of electronic trading has trade-offs for blocks based on information disclosure, leakage and trust. Electronifying execution of larger bond orders is the ‘holy...

The attacks on Iran and its responses over the past week have injected a sharp dose of geopolitical risk into global markets, and the...

The corporate bond market has slowed its flow of newly issued debt into the market, while fund inflows made the case for strong investors...

Portfolio trading (PT) continued its rapid expansion in 2025, with Morgan Stanley reporting total capped volumes in US markets reaching approximately US$1.3 trillion, a...

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...

The US is seeing a drop off in lower grade debt issuance so far in 2026, relative to 2025 levels, while higher grade US...

European fixed income fund flows remain structurally different from the US, materially affecting trading flows during the day. In 2025, 84% of Europe’s US$422.7bn net inflows went to active open-ended funds. US flows...

Corporate bond issuance started the year hot, with over US$211 billion issued globally in the week beginning 4 January, however numbers dropped off pretty...

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...