Citadel Securities challenge primary market conflicts
A year ago, rumours in the bond markets suggested that Citadel Securities might be planning a move into bond issuance, a move which buy-side...
CUSIP issuance up YoY, but March decline signals concern
Year-to-date CUSIP issuance, which is indicative of new debt securities being issued, has increased year-to-date against 2024 figures, according to CUSIP Global Services (CGS).
Its latest...
Electric dreams in global rates markets
Electronic trading between dealers and buy-side institutions is taking different paths in government bond markets, globally. Lucy Carter investigates.
“We have seen growth in the electronification of...
Insights & Analysis: Pricing freedom
The street is waiting anxiously for the announcement and impact of all the trade tariffs to be announced on 'Liberation Day’; the term the...
Bloomberg backs Moroccan FX and govie market buildouts
The central bank of Morocco, Bank Al-Maghrib, has adopted Bloomberg’s Foreign Exchange Electronic Trading (FXGO) and E-bond (EBND) platforms.
The interbank derivatives market for foreign...
Exclusive: Competition fails to cut prices for FX dealers
When Bloomberg announced, in Q4 2024, that it was to start charging dealers for using FXGO, its foreign exchange trading service, a number of...
US markets seeing risk implied in bid-ask spread
While US stock markets are in turmoil, US investment grade bond markets are also reflecting the greater uncertainty caused by an erratic approach to...
Orderly sell-off despite Bund bid-ask spread blow out
Borrowing costs for the German government spiked after an announcement of increased expenditure for its military, triggering a sell-off in German government bonds (bunds)...
Emerging markets see liquidity costs decline
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...
Measuring digital bond issuance
The use of distributed ledger technology (DLT) to issue bonds can tackle several concerns in the debt markets. Firstly, it reduces the fragmented information...
