Review: Mixed bond trading revenues in choppy first quarter
Banks have seen mixed results from bond trading in the first quarter of 2023, across credit and rates, while electronic trading platforms have seen...
Candriam promotes bond chief to CIO
Candriam, the global multi-asset manager has appointed Nicolas Forest, Candriam’s global head of fixed income since 2013, as its new chief investment officer (CIO),...
Electronic credit platforms report fresh rises in trading volumes for March and Q1
Electronic bond market operators saw a new boost to volumes in March, and in the first quarter more broadly, as volatility in capital markets...
Rising rates hit high yield availability
Despite some optimistic outlooks on bond issuance in 2023, high yield bonds are clearly seeing a decline in Europe, based on data from the...
Moody’s: Speculative-grade credit default rate to rise in 2023
Moody’s Investor Services expects the global speculative-grade corporate default rate to rise in 2023 as slowing economic growth, higher input costs and rising interest...
Eurex launches the first futures on a Euro High Yield Index
From 17 October 2022, Eurex will offer market participants the opportunity to hedge the Euro-denominated high-yield corporate bond market in Europe.
This segment has been...
Are US dealers still offsetting credit trading risks?
As US banks see credit positions turn negative, and interdealer market volumes remain flat, The DESK asks how they offset risk as their credit...
The implication of falling US HY Issuance
Anecdotally, we hear that new issuance of high yield bonds in European markets directly impacted secondary market liquidity. Looking at the latest data from...
Get US high yield portfolios in order over summer
June looked decidedly challenging for US high yield (HY) trading, as mean bid-ask (BA) spreads dislocated from the median, indicating spikes in BA spreads...
The effect of war on pricing and spreads is widening
The economic effect of the Russian invasion of Ukraine needs to be put in context next to the human tragedy, but data is showing...
