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...
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...
Oppenheimer & Co adds three MDs to IG sales team
Oppenheimer & Co has hired Perren Thomas, Dennis Megley and Mike Henneberry onto its investment grade (IG) desk. Each will serve as managing directors...
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 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...
MarketAxess Mid-X launches in US
MarketAxess has made Mid-X, its anonymous session-based matching protocol, live for US market participants after its initial launch in Q4 2020 with European participants.
The...
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...
Sub-2bps bid-ask spreads in US IG are below pre-crisis levels
The US investment grade (IG) credit market is seeing very tight bid-ask spreads in 2021, according to the Composite Plus (CP+) data supplied by...
