Excited or scared? The liquidity rollercoaster
Bid-ask spreads across all credit markets shot up in the week of 7 April, following the announcement of global tariffs on imports to the...
Emerging markets see liquidity costs decline
The cost of liquidity in emerging markets appears to be falling for fixed income traders. Looking at MarketAxess’s CP+ consolidated price feed, and cross-referencing...
Bid-ask spreads see double-digit tightening in early 2025
Analysis of MarketAxess’s CP+ data, which analyses composite trading costs based on traded bonds, has found that bid-ask-spreads have tightened by double digit percentages...
Discussions between TP ICAP and Neptune reported
Multiple market sources have reported that discussions between pre-trade data provider Neptune and TP ICAP, the multi-asset trading, interdealer broker and data services firm,...
Rules & Ratings: Understanding gaps between credit risk data and credit ratings
While credit ratings underline investor confidence and evaluation of debt products, credit risk data can potentially offer a more nuanced source of information for...
Under pressure
Secondary markets trading has seen a net trend towards tighter bid-ask spreads for trading across all corporate bond segments in US, Europe and emerging...
Dealers face crunch on platform trading costs
As bid-ask spreads tighten and fees rise, dealers question making markets in credit.
It does not take a quant to understand that tighter bid-ask spreads...
Falling costs of liquidity not halted by summer vol
The bid-ask spread for corporate bond markets has continued on a downward trajectory in September, after a bump in August, according to data from...
Sustainable bond issuance now 12% of total market
A report co-authored by Nicholas Pfaff, Valérie Guillaumin, Simone Utermarck, Ozgur Altun and Stanislav Egorov of the International Capital Markets Association (ICMA), has found...
Meet the consolidated tape contenders
Europe’s development of a consolidated tape for trading data now has clear front runners, and benefits.
Three firms have confirmed they will compete to be...
