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...
Measuring digital bond issuance
The use of distributed ledger technology (DLT) to issue bonds can tackle several concerns in the debt markets. Firstly, it reduces the fragmented information...
Coalition Greenwich predicts electronic revolution for the MBS market
A new study by Coalition Greenwich analyst Audrey Costabile posits that Mortgage Backed Securities trading will electronify over the next five years. Along with...
BGC CEO to divest ownership if appointed US Secretary of Commerce
Howard Lutnick, CEO of interdealer broker, infrastructure and data provider, BGC Group, has said he would leave the business entirely if he is appointed...
Refinancing debt: New bonds, old problem
A new paper from Bank of America’s credit strategist Neha Khoda and Adam Vogel has found that bond issuers are facing a significant increase in costs...
Origination: Issuer profile – EchoStar Corp
EchoStar Corp saw the largest proportional increase in notional debt outstanding in the technology sector in 2024, with a 509% increase, taking it to...
The cost of transparency and the value of information
Transparency can smell like information leakage by any other name, to butcher a Shakespeare quotation. Giving up information needs to happen at the latest...
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...
Competition for debt issuance fierce as activity remains
Primary debt markets are likely to be a major revenue earner for dealers facing tighter margins in secondary bond markets. Issuance has started strongly...
Gilt activity spikes as new rates reality bites government borrowers
By Dan Barnes and Etienne Mercuriali
Gilts market opening on the morning of 9 January suggested some traders took a big hit, with stop losses...
