S&P Global Ratings: European credit spreads still wide

S&P Global Ratings: European credit spreads still wide

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In its latest ‘Europe Credit Markets Update’, S&P Global Ratings has painted a grim picture for European borrowers, notably in the high yield space,...
Citi boosts EGB rates trading team across US and Europe

Citi boosts EGB rates trading team across US and Europe

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Citi has made a number of appointments to its rates trading team, with Courtenay Watson joining the company as a managing director in London.  Watson...
Bank of England to reduce gilt stock by £100bn

Bank of England to reduce gilt stock by £100bn

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The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted to reduce the stock of gilts held in the Asset Purchase Facility (APF)...
FCA “utterly useless” engaging with EU over Brexit

FCA “utterly useless” engaging with EU over Brexit

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By Chris Hall. Veteran city commentator Anthony Hilton delivered a harsh verdict on the UK financial regulators’ efforts to support Britain’s finance industry ahead of...
US credit issuance hit record highs in September

US credit issuance hit record highs in September

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US credit issuance was at its highest level since May 2020 at the start of September, pushing average daily notional volumes up 4% year-on-year...
China Bond Connect launches real-time DvP and block trading

China Bond Connect launches real-time DvP and block trading

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By Pia Hecher. Mutual market access scheme Bond Connect, the platform linking investors from Mainland China and overseas, implemented real-time delivery-versus-payment (RDvP) and introduced a...
Oppenheimer builds out distressed debt team with ten new hires

Oppenheimer builds out distressed debt team with ten new hires

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Oppenheimer, an investment bank and wealth manager, has built out its fixed income division with ten distressed debt team hires, as institutional investors seek...
Buy side wants new tools in primary market tsunami

Buy side wants new tools in primary market tsunami

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Several buy-side traders report new primary bond market tools could come online this year in the US, with dealer consortium DirectBooks expected to step...
PBI integrates 7 Chord’s BondDroid fixed income pricing

PBI integrates 7 Chord’s BondDroid fixed income pricing

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PBI has integrated 7 Chord’s near real-time, delayed, and end-of-day bond prices for corporate, sovereign and government bonds within its investment management systems, which...
Moody’s: Short-term refinancing to grow in 2025

Moody’s: Short-term refinancing to grow in 2025

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A report from rating agency Moody’s, has found that the proportion of US non-financial investment-grade corporate bonds needing refinancing within five years has grown...
MarketAxess to buy algo provider Pragma

MarketAxess to buy algo provider Pragma

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Bond market operator, MarketAxess, has entered into a definitive agreement to acquire Pragma, a quantitative trading technology provider specialising in algorithmic and analytical services...
Absorbing Gilt

Absorbing Gilt

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The year after next, the UK is set to issue £305 billion gilts to support the government’s spending programme. The high level of issuance...