Meet the Technology Companies Automating Capital Markets

In an effort to cut costs and make internal processes more interesting, U.S. investment banks are busy trying to automate the process of doing deals. Source: efinancialcareers First they came for the equities traders and the FX traders. Then they came for the CDS index traders. Now, it seems, the computers are changing the jobs of people working in M&A…

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China’s Bond-Yield Curve Gets Bent Out of Shape

 Investor sentiment is mixed after Beijing’s campaign this spring to make Chinese markets less risky, with yields on seven-year government bonds rising above yields of both five-year and 10-year bonds. Source: The Wall Street Journal China’s $1.7 trillion government-bond market is turning ever weirder. In a fresh sign of the nerves among investors caused by Beijing’s campaign this…

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While Ratings Agencies Watch Canadian Banks, Opinions Are Mixed

Spreads on Canadian bank debt were modestly wider after Moody’s lowered the long-term debt and deposit ratings one level on the Big Six banks, yet analysts have not seen any evidence of credit deterioration with any of the banks. Source: Wealth Professional Canada’s dollar and bank bonds declined after Moody’s Investors Service downgraded the nation’s…

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Why Are Most Corporate Bonds Still Traded on the Phone?

 Buying into the corporate bonds market still requires calling an investment dealer’s trading desk most of the time, which has remained unchanged for several decades. Source: The Economist Manual trading has all but disappeared in much of finance. Most stock exchanges no longer have shouting floor traders; anyone from retail investors to the largest asset…

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German Economic Growth Picks Up Speed, Outpaces US

Some experts say recent growth confirms that Germany is still getting a competitive boost from the euro, which makes its exports more attractive to buyers outside the single currency. Source: RT Europe’s biggest economy expanded sharply in the first quarter of 2017, according to Germany’s Federal Statistics Office (Destatis). Growth was led by a revival…

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Treasury Today Feature on Overbond and Bond Market Evolution

Treasury Today talks to Vuk Magdelinic on founding Overbond and how the company plans to revolutionize the primary bond issuance process Source: Treasury Today In the second instalment of Treasury Today’s Fintech Focus series, the company takes a look at Canadian start-up, Overbond. Overbond’s CEO, Vuk Magdelinic, explains how the company looks to revolutionise the primary…

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Swap Pricing Calculator Added to Overbond Corporate Bond Intelligence Toolkit

Overbond offers industry-wide access to new COBI Swap Pricing calculator. Proprietary technology caters to surge in cross-border bond issuance TORONTO and NEW YORK — May 8, 2017 — Overbond Ltd., the first end-to-end Capital Markets fintech platform for primary bond origination, has unveiled its new Corporate Bond Intelligence Tool (COBI) Swap Pricing calculator with advanced…

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