White-paper summary: Filling the liquidity gap in bond index construction
Industry viewpoint: State Street Global Advisors SPDR® and MarketAxess
The success of ETFs in supporting bond market liquidity has been marred by a gap in...
The enduring popularity of ‘Don’t Panic’
The phrase ‘Don’t Panic’ crops up frequently in comic fiction, notably in Douglas Adams’ book ‘Hitchhiker’s Guide to the Galaxy’ and in 1970’s British...
Credit Indices – Closing the Fixed Income Evolutionary Gap
Fixed income markets are evolving at pace, with smarter electronic trading protocols, more sophisticated, automated investment strategies and a greater availability of useful data.
In...
Withering supply of European high yield
Comparing the ‘year-to-April’ data across years, 2022’s high yield issuance looks more like the post-financial crisis period than most years in between.
Data from CreditSights...
New issuance drives up secondary selling
News that high yield (HY) issuance has fallen in Europe may be of little consolation to investment grade investors, as new data from MarketAxess...
How does the collapse of refinancing affect bond trading?
It costs more to borrow money in the US right now, than it has for a long time. Even more so for companies in...
Is US investment grade market-making starting to fray?
In US credit, mean bid/ask spreads are skewing upwards from the median, indicating that a greater proportion of larger spreads are in some cases...
Trading for Trees: Giving back through trading green bonds
Since its inception, the MarketAxess “Trading for Trees” initiative has helped to plant over 385,000 trees across a range of biodiversity, climate stability and...
Value and issuance in European credit
Outflows in European bond funds are following a drop in the relative value of European credit, as shown in data from the IHS Markit...
European trading strained in high yield
Comparing European high yield (HY) and investment grade (IG) corporate bond data from MarketAxess, the pressure for traders and investors in high yield markets...
