Dan Barnes

New executive orders signed by US president, Donald Trump, have given him oversight of all US financial regulation, outside of monetary policy, while also setting a deregulatory agenda. The first order, entitled ‘Ensuring Accountability for All A...

Primary dealer positions of US Treasury holdings are expanding rapidly, but concern around restrictions on capacity are misplaced according to analysis. A new paper by Morgan Stanley analysts has outlined that primary dealers in the US, who are...

A new paper by the Brookings Institute has highlighted reasons for concern around the growing US debt pile, and the dynamics that could affect the level of expected risk. Authored by directors Wendy Edelberg, Benjamin Harris, and Louise Sheiner, i...

Transaction cost analysis (TCA) – or execution quality analytics (EQA) – is a much sought after, but often objectively challenged, service in corporate bond markets. There are many variables which can impact trading performance in credit, and the...

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 with the MarketAxess TraX dataset, which tracks activity across multiple markets,...

The use of distributed ledger technology (DLT) to issue bonds can tackle several concerns in the debt markets. Firstly, it reduces the fragmented information picture around debt which typically exists in any over-the-counter (OTC) market, by holdi...

The inevitable effect of increased tariffs imposed by the US markets on trade partners – which may include the European Union, Canada and Mexico – will certainly be to drive down stocks in the most affected industries. In certain sectors such as m...

The use of trade tariffs between the US and potentially Mexico, Canada, the European Union and certainly China, which had a 10% tariff imposed on Tuesday 4 February 2025, is likely to impact US inflation and therefore make rates cuts less certain....