Dan Barnes

Debt markets have seen a year-on-year (YoY) decline in deal activity in 2025, according to data from Dealogic, reflecting the pensive mood amongst corporations and governments. Globally, deal value year-to-date (YTD) fell by 16% against the sam...

US credit markets are seeing a divergence in bid-ask spreads and trade sizes between high yield and investment grade bonds, according to data from MarketAxess’s TraX, which tracks activity across multiple bond markets, and its CP+ pricing data. T...

Janus Henderson’s senior fixed income traders, led by Andy ‘Mungo’ Munro, discuss the psychology of trading, transferring experience and effective leadership. How are your trading desks organised? Andy Munro: Janus Henderson has offices in L...

UBS, the investment banking giant has reportedly cut further jobs from its markets division, with many people internally fearing more jobs are to go, according to multiple sources. Earlier this week the bank announced that it was cutting its Exec...

As bid-ask spreads begin to widen on both sides of the Atlantic, buy-side credit traders need to reassess how to best manage the crunch on their liquidity costs. Bond markets have not seen the sale level of trading activity as equity markets, by i...

While US stock markets are in turmoil, US investment grade bond markets are also reflecting the greater uncertainty caused by an erratic approach to tariff application and flip-flopping on both foreign and domestic policies. TRACE volumes of trad...

The Atlanta Federal Reserve’s GDPNow estimate for real GDP growth in the US hit 2.4% on 6 March 2025, up from -2.8 percent on 3 March, based on new economic data around consumption, private domestic investment growth and net exports. The measure,...

Where European bond traders and their counterparties are sat could affect the size of bid-ask spreads they are shown, thanks to a split in disclosure regimes between the United Kingdom (UK) and the European Union (EU), attendees at the FIX EMEA co...