Dan Barnes
Editorial Director
Latest From Dan Barnes
The interplay between the cash and derivative credit markets
For investors, the derivatives market is a potentially a rich source for investment returns and risk management. It can also be a valuable source of information. The key inputs that traders assess ahead of engaging in the market – price, liquidit...
Read moreChina government bond issuance reducing transparency of total social finance
Understanding state support for the economy in China can be measured across several dynamics, but debt provision to the non-financial private sector, known as total social financing (TSF), is key. Within this measure are bond sales, and looking a...
Read moreIs Europe being punished for slower e-trading adoption?
The liquidity shortfall, expected at the end of the year, is traditionally triggered by dealers’ reluctance to make markets when their risk positions are under regulatory scrutiny. This stepping back from risk trading, known as ‘window dressing’ ...
Read moreShape the way you access The DESK in 2025
In 2025 we will be introducing proprietary data tools to allow our readers to research bond issuers and issuance activity. To support our independent sourcing of data and research we will be providing tiered access to our research, analytics and ...
Read moreOrigination: Issuer profile – Marsh & McLennan Cos Inc
In October, insurance and risk specialist, Marsh & McLennan, priced US$7.25 billion of senior notes, in part to support its acquisition of McGriff, an insurance broking and risk management service provider in the United States. McGriff repor...
Read moreCould a secondary market work in private credit?
There is very limited access to secondary trading in private credit. Given the direct exposure to creditors, this might present a liquidity bottleneck for investors if credit conditions deteriorate. If a fund investing in public assets saw a simi...
Read moreExclusive: Man Group’s proprietary OEMS highlights potential for systematic volume growth
Man Group is now live on an internally developed order and execution management system (OEMS), to trade across asset classes, currently covering corporate credit, sovereign debt and equities. Developed by a team including Sam Ratcliff, head of or...
Read moreDCM deals substantially up year-on-year
Total deal size volume for debt capital markets, year-to-date is up 32% on 2023, according to data from Dealogic. The trend in regional deals has seen the US pull away from Asia Pacific and Europe relative to 2023, up 43% on the previous ye...
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