BIS: Cut your trading costs in half by cosying up to dealers
A new working paper, written by the Monetary and Economic Department of the Bank of International Settlements, has found that dealer relationships are crucial...
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)....
Can you guess which market has seen the greatest fall in bid-ask spreads, year-to-date?
Two weeks ago, we asked what was crushing the US investment grade (IG) market’s bid-ask spread. However there has been an even greater reduction...
Sub-2bps bid-ask spreads in US IG are below pre-crisis levels
The US investment grade (IG) credit market is seeing very tight bid-ask spreads in 2021, according to the Composite Plus (CP+) data supplied by...
MarketAxess Q1 revenue up 36%; reports on US spreads
Bond market operator MarketAxess has seen revenues for the first quarter of 2020 increase 36% to US$169 million, up on the US$124.5 million it...
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%;...
Trouble ahead for traders as number of issued bonds climbs
According to data from Moody’s Investor Services, the US investment-grade companies should have few problems refunding their debt in 2022, which is useful given...
Bond market venues tussle over market share amid volumes surge
Fixed income trading venues have reaped the rewards of rising trading volumes, but a highly competitive landscape is having an impact on market share.
Market...
The credit trading processes you really should have automated by now…
Automation has historically been highly challenging in corporate bond markets for several reasons, but traders say some parts of the workflow ‘ought’ to be...
Electronic credit platforms report fresh rises in trading volumes for March and Q1
Electronic bond market operators saw a new boost to volumes in March, and in the first quarter more broadly, as volatility in capital markets...
