Tag: Morgan Stanley
What Mexico’s vol risk means for trading LatAm bonds
In Latin American (LatAm) markets, economic volatility may transfer into market volatility – most notably in Mexico.
In order to manage risk and seize opportunities...
Year-to-date issuance higher in corporate bonds as leveraged loans drop
Issuance of corporate debt in the US and European markets is looking relatively strong year to date, however loans have tailed off significantly, according...
The Book: Stellantis issues US$1.9bn debt, faces US$2.7bn loss
Auto manufacturer Stellantis has reported a US$2.7 billion loss in the first half of 2025, results that chief financial officer Doug Ostermann described in...
FICC revenues climb as US banks capitalise on volatility
Wall Street banks posted US$18.8 billion in fixed-income trading revenues in Q2, driven by their activity in macro products, particularly rates and currencies. JP...
Second quarter issuance recovers after soft April and May
Morgan Stanley has reported that June issuance increased 13% year-on-year (YoY) following a 34% drop in April and 3% decline in May.
“Strong June issuance...
Trading protocol gains bolster liquidity sourcing
Perspectives vary as to which newer methods of buying and selling bonds will most help institutional traders in the next year, but there is...
Portfolio trading proves transformational, but controversial
The US market has been transformed by portfolio trading (PT) this year, with estimates that PT makes up somewhere between 25-40% of dealer-to-client (D2C)...
Primary held in check by tariff and rate uncertainty
Gross credit issuance has fallen in developed markets, according to data from Dealogic and Morgan Stanley, across investment grade (IG) and high yield (HY).
DM...
Portfolio trading sees first decline of 2025
Capped estimated investment grade (IG) and high yield (HY) portfolio trading volumes were the highest year-to-date in April 2025, representing approximately 10% of total...
The pretenders, and kingmakers, to the bond throne
Dealers are backing several new trading platforms who are fighting major incumbents for market share.
In the bond market, the trading platform landscape has been...
