Ongoing effect of CSPP on European credit markets
Europe has seen considerable growth in credit issuance this year relative to 2023, with last week finding a 116% year-on-year increase in non-financial high...
The Book: Digital Asset and Euroclear tokenise gilts and Eurobonds
Digital Asset, a blockchain system provider, has completed a collaborative initiative to tokenise gilts and Eurobonds.
Euroclear, The World Gold Council, and global law firm...
The Atlantic divide over high yield – is private credit biting?
Issuance of USD versus Euro high yield debt shows a significant split, based on Dealogic data, with US markets in 2024 issuing more than...
Key trends in emerging markets debt issuance in 2024
Emerging market debt is seeing the effects of government reforms in both democracies and autocracies this year, with stability being the watch word for...
Not average: Trade sizes in 2024
Looking at the average trade sizes for high yield and investment grade bonds, across Europe and the US in 2024, we can see considerable...
Do banks want credit trading to look like FX?
The end game of market making commoditisation is that a smaller number of players provide a vast volume of liquidity to the majority of...
Sustainable bond issuance now 12% of total market
A report co-authored by Nicholas Pfaff, Valérie Guillaumin, Simone Utermarck, Ozgur Altun and Stanislav Egorov of the International Capital Markets Association (ICMA), has found...
Opinion: Competition, not regulation, will make better bond markets
European credit trading has historically seen levels of electronic trading of around 50% of total corporate credit trading, while the US market has historically...
Analysis: Electronic trading across US and European bond markets
Electronic trading of US credit erupted in May 2024, according to analysis of the US credit market by Coalition Greenwich. It found that investment...
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The good news on high yield trading
Two weeks ago we noted that high yield markets have seen trade sizes increase since the start of the year, running counter to the...
