Liquidity in Euro Corporate Bonds Deteriorates

Source: MarketsMedia MarketsMedia recently highlighted Overbond’s Corporate Bond Intelligence (COBI) showing drastically widening spreads in multiple sectors. The widening indicates declining liquidity, creating challenges for traders and companies to raise capital through debt issuance. “Conditions in European corporate bonds paint a grim picture. Market conditions have declined noticeably, even in sectors such as utilities that…

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Canada corporate bond market issuance perking up again

Source: Reuters Recent Reuters article highlights Canadian corporate bond issuance perking up again, rebounding after a lull 10 months. Brian D’Costa, President of Algonquin Capital said “After more than a decade of return-free risk in fixed income, current yield levels are very attractive. We haven’t seen such yield levels in the last 15 years, and…

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What does the future of the trading desk look like? APAC panelists discuss

Source: TheTrade TheTrade explores insights from the Fixed Income & FX Leaders Summit APAC in Singapore provided insights on how trading desks are evolving with automation.  Martin Viseux, Head of Fixed Income Trading Asia, HSBC Global Asset Management said: “We’ve seen a big change in market structure with high volatility where the traditional banks have…

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In conversation with… Dwayne Middleton

TradeNews’s Laurie McAughtry, in an interview with Dwayne Middleton, global head of fixed income trading at T.Rowe Price, discusses the approaches to challenge the volatility, liquidity and stability in today’s unique trading environment.  Talking about the situation in the pre-financial crisis, Dwayne Middleton said “With all the central bank money that came into the financial…

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Analysis: U.S. junk bond investors face tough choice as yields spike

Reuters article highlights junk bond investors’ tough choice as yields spike. A sell off in the US junk bond market presented buying opportunities however, investors are hesitant as fears of looming recession could spark widespread credit defaults. Spreads on junk-rated bonds have widened some 184 basis points this year while yields – which move inversely…

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Winning the Technology Race in Fixed Income – The Buy Side Perspective

Source: Tabb FORUM TABBForum’s Head of Fixed Income and Research, George Bollenbacher’s recent article featuring Vuk Magdelinic, CEO, Overbond explores how technology is currently being used in fixed income, and what the buy side and sell side see in future developments. Changes have been slower in fixed income than in other markets like equities and…

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Why High Yield Bonds Will Get Better

Source: Morningstar Morningstar article discusses’ bright future for high yield bonds. High yield and emerging market bonds have had a tough year as rising interest rates combined with weakening emerging market economies have squeezed funds in those asset classes. However, Frank Gambino and David Nava, who oversee the $3.3 billion RBC Global High Yield Bond…

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Bloomberg: Bankers Tout ESG Bond Bonanza Amid Credit Market Mayhem

Bloomberg article highlights increased interest in ESG bonds amid credit market downturn. The market for socially responsible credit stays open while the broader primary market sinks as a result of heightening recession risks. Although volumes have decreased, issuance of ESG products are increasing, making up 9.44% of the more than $1 trillion volume of corporate…

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