High Yield issuance is taking off
Comparing corporate bond issuance volumes for 2023 and 2024, we can see that the pattern is frequently a high start to the year, with...
The vicious circle of trust and liquidity
Looking at data provided by CreditSights, we can see the extent of lenders’ concern about Credit Suisse this year. The cost of insuring Credit...
Does this year start with the smallest trades ever?
Trading activity in European bond markets at the start of 2024 has had the highest trade count of the past three years by some...
New EM issues make relationships matter
Buy-side emerging markets (EM) traders will be bonding well with their banks and brokers this year to make sure they are getting a slice...
Feeling the credit crunch in high yield trading
Trading costs for high yield bonds have been elevated on both sides of the Atlantic. The US saw a big jump in bid-ask spreads...
High Yield did not get the ‘trade size’ memo
High yield trade sizes are continuing to rise in 2024, and its bonds continue to show signs of increasingly manual trading. As bond markets...
What is driving down EM trading costs?
Analysis of trade size and bid-ask spread data from MarketAxess’s CP+ pricing feed and Trax market data, which tracks activity across markets, indicates that...
What is behind the falling cost of IG liquidity?
The bid-ask spreads in credit trading across the Europe and US have fallen dramatically in the first three weeks of 2024, relative to the...
A tale of two metrics – US IG corporate bond market liquidity in 2022
By Julien Alexandre, 12 October 2022
Corporate Bond Market Distress Index
The NY Fed recently launched the Corporate Bond Market Distress Index and backfilled it all...
Tradeweb and MarketAxess see credit volumes increase over 25% in December
Market operators MarketAxess and Tradeweb have released their December trading levels, with both seeing a monthly increase of 25% in credit trading average daily...
