Barnes-on-Bonds-Primary

Keep an eye on bank issuance

Bank bond issuance is expected to pick up this year according to research by Morgan Stanley analysts. With deposits proving less attractive as a...

Rising rates hit high yield availability

Despite some optimistic outlooks on bond issuance in 2023, high yield bonds are clearly seeing a decline in Europe, based on data from the...

Are issuers predicting a 6% Fed Funds rate?

Bond issuance has continued to beat expectations in February 2023. Last month saw 774 investment grade bonds issued globally, for a notional value of...

Europe’s record IG credit issuance could boost electronic trading

January was a record month for investment grade bond issuance in Europe, with shorter-dated driving this activity. According to analyst firm CreditSights, shorter maturity...

Can primary markets deflate?

Inflation levels could have a direct impact on volume of work – and therefore operational pressure – on buy-side trading desks. Managing the process of...

Primary markets start 2023 with top ten hit

Bond issuance for US investment grade on 3 January 2023 was the tenth largest day on record, according to data from Dealogic. While January is...

Substantially higher US investment grade stress going into 2023

The Federal Reserve Bank of New York’s Corporate Bond Market Distress Index (CMDI) is closing 2022 with investment grade US bond markets twice as distressed as...

Liberty Street Economics asks: How Is the corporate bond market functioning as rates rise?

The Federal Reserve Bank of New York’s market structure and macro analysts, Liberty Street economics, has examined how corporate bond market functioning has withstood...