AFME update: European HY bond issuance fell nearly 60% year-on-year
A new report by AFME found that the primary high yield bond market decelerated significantly in Europe at the start of this year.
High yield...
The Loan Lowdown: Volatility’s impact on Leveraged Loans
Howard Cohen, Head of Leveraged Loans at MarketAxess.
Since early April, the leveraged loan market has trended in one direction. Risk assets have continued to...
What bouncing US credit volumes tell us in June
Looking at corporate bond trading volumes over the past two weeks, data from MarketAxess appeared to show a recovery since levels plummeted in May...
The liquidity bears’ picnic
If you are on the desk, there is often an inverse relationship between the tension you experience and the volume of people relaxing on...
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...
