Is a liquidity crisis brewing in European HY?
Concern around liquidity in Europe’s high yield market has been rising over the past quarter as it is hit by a double whammy, falling...
Trading for Trees
In 2019 MarketAxess launched their “Trading for Trees” program, under which five trees are planted by One Tree Planted, a partner charitable organization, for...
Chart of the week: ECB rates rise expectations
Expectations on the European Central Bank’s appetite to increase its interest rate will have a direct and negative impact on European bond trading which...
Why are European IG Bid-Ask spreads widening?
Liquidity in the European corporate bond market is becoming more expensive in both high yield (HY) and investment grade (IG) trading. According to MarketAxess...
Case Study
Axess IQTM: The eyes and ears of the market
Over the past twelve months, MarketAxess in partnership with Insigneo rolled out a pilot program to put...
The implication of falling US HY Issuance
Anecdotally, we hear that new issuance of high yield bonds in European markets directly impacted secondary market liquidity. Looking at the latest data from...
Get US high yield portfolios in order over summer
June looked decidedly challenging for US high yield (HY) trading, as mean bid-ask (BA) spreads dislocated from the median, indicating spikes in BA spreads...
EMIR refit: get ahead of upcoming changes
By Joanne Salkeld at MarketAxess
The European Commission's regulatory fitness and performance programme (REFIT) is aimed at simplifying EU legislation and reducing any unnecessary regulatory...
Emerging Markets Focus Part 2: Illiquidity in numbers
When investment flows are heavily directional it can make trading more challenging, as most investment firms are selling into a downward market or buying...
Emerging Markets Focus Part 1: What the flows mean for traders
Fixed income sector investments have proven worst for emerging markets funds year to date, according to data from JP Morgan and Bloomberg indices, driving...
