China Focus: The secondary effect of defaults
The bid-ask spread for bonds in China’ property market has expanded by 300% this year, although even more so for Evergrande which increased by...
China focus: The outstanding debt of defaulters
Concern around issuer defaults in China is clearly based upon good evidence; our chart this week from S&P Global Ratings shows the annual growth...
2022: Big primary, smaller secondary?
Despite the expectation of rising rates across markets, S&P Global Ratings Research are predicting that issuance of new bonds across markets will not see...
Prioritising investment on the high yield trading desk
When we look at the priorities of trading desks in developing more automated tools, we can consider the longer term market trends as a...
Craig McLeod: Exploring the new frontiers of EM trading
Today’s EM traders need more data, market access and broader liquidity than ever before to meet the investment profiles of their portfolios. Craig McLeod,...
Trouble ahead for traders as number of issued bonds climbs
According to data from Moody’s Investor Services, the US investment-grade companies should have few problems refunding their debt in 2022, which is useful given...
Seeing the pressure market makers are under in European credit
Secondary market data paints a picture of the challenges faced by sell-side market makers in the European corporate bond market during Q4. Information from...
The winners in the primary market
In the bond issuance markets, there have been a few subtle changes in the top five most successful banks for syndication, and less subtle...
APAC trading recovery is far from even
The recovery from last year’s market sell-off and the ongoing Covid-19 pandemic appears to have been marked in many regions, with volumes for both...
In 2021 we see record secondary markets trading for European Government Bonds
By Emile Figueiras, European Government Bond Product Specialist, MarketAxess
Secondary market volumes in European government bonds (EGBs) have grown significantly over the last 2 years....
