European HY bond issuance saw 45% increase in 2023
High yield bond issuance reached €66 billion in 2023, up from €45 billion in 2022 which had been a record low.
The findings come...
European investment grade seeing smaller, cheaper trades
European investment grade bond traders are seeing a falling bid-ask spread, and a rising trade count since the start of 2024, according to MarketAxess’s...
Coalition Greenwich: Electronic bond trading rises in US IG, declines in high yield
The use of electronic trading in corporate bonds will continue to increase, Coalition Greenwich’s March Data Spotlight has stated.
Electronic trading activity grew faster than...
Bond market venues tussle over market share amid volumes surge
Fixed income trading venues have reaped the rewards of rising trading volumes, but a highly competitive landscape is having an impact on market share.
Market...
FILS USA: How can high yield be traded efficiently in a risk off environment?
Banks are stepping back from taking risk in high yield trading. Trading in a risk-off environment in normal circumstances can be challenging as spreads...
Does this year start with the smallest trades ever?
Trading activity in European bond markets at the start of 2024 has had the highest trade count of the past three years by some...
November’s bumper month for fixed income e-trading
Electronic trading platforms have reported a bumper November for fixed income trading, with CME reporting interest rate average daily volume (ADV) up by 42%;...
Can you guess which market has seen the greatest fall in bid-ask spreads, year-to-date?
Two weeks ago, we asked what was crushing the US investment grade (IG) market’s bid-ask spread. However there has been an even greater reduction...
BIS: Cut your trading costs in half by cosying up to dealers
A new working paper, written by the Monetary and Economic Department of the Bank of International Settlements, has found that dealer relationships are crucial...
Implied cost of liquidity falling, with US high yield an exception
Volumes in the corporate bond markets have been picking back up, relative to bid-ask spreads, indicating an improving liquidity picture across the US and...
