Non-financial investment grade corporate bond issuance reached $584 billion through May, soon to eclipse 2017’s $644 billion. Those seeking broad-based exposure to the space have been funnelling capital into bond ETFs. Whether LQD, CIU, VCIT or GIGB, allow Overbond’s ETF pricer and screener converge on the best ETF for you on the basis of relative…
In light of the market volatility in fixed income that began in March, AI trades decreased materially as a percentage of total volume. “The programmatic trading that exists in credit is not equipped to handle volatility related to liquidity.” – Sonali Theisen. The market was stressed and needed human oversight. Liquidity Profiling using Overbond’s COBI pricing…
Companies strong enough to gain access to the bond markets have borrowed $1 trillion this year at the fastest pace on record. Then there are those that can’t afford to carry the debt they have, leading to the most large bankruptcy filings in the first five months of the year since 2009, during the Great…
The subject of corporate bond liquidity remains top of mind with bond funds and ETFs adapting to address the issue. For example, SKOR has removed illiquid, orphaned and small lot names from the index to mitigate liquidity risk. In contrast, Overbond utilizes machine learning in a 3-tiered liquidity script to price even the most illiquid…
After March’s redemption scramble out of corporate bond funds, investors have sent all of it back into the market, along with an additional $50 billion. This activity jars with the observation that likely the biggest default cycle in history is coming down the tracks towards us. Get ahead of looming corporate downgrades with Overbond’s market…
Asset owners have boosted their adoption of sustainable investing from 70% in 2017 to 80% in 2019. Overbond has worked with new ESG issuers, utilizing the “Investor Matching” model to identify Green Bond buyers and measure Green Bond premium to vanilla senior unsecured bonds. You can get one step closer to isolating true demand for…
The hit on fixed-income ETFs in March was a wake-up call to many investors. What was viewed as a safe-haven asset wasn’t as safe as originally thought. Liquidity issues stretched the discrepancy between their NAVs and their intrinsic value. Use Overbond’s liquidity-adjusted pricing to screen for the best performing bond ETFs. Source: The Globe and…
Historically a fractured market for data dissemination, OTC bond market participants have been yearning for a consolidation, similar to that of the public equities markets. With the emergence of machine-learning technology, the hopes of a fully transparent market are now on the horizon. Overbond can solve this problem for clients through its unique data aggregation…
To address the liquidity challenges of the IG bond ETF market, some active managers have focused on creating baskets of the most liquid part of the market. Use Overbond to classify bonds into liquidity buckets for more effective rebalancing and tracking. Track historic liquidity scoring to ensure constituents in your basket remain stable over the…
The coronavirus crisis caused market volatility and dislocation in the EUR IG bond market that surpassed those seen in 2007 and 2008, with “some market participants report[ing] that the market had become dysfunctional.” Overbond’s deep liquidity score uncovers dealable ISINs from issuers with the highest liquidity profile by incorporating settlement-layer data. This adds the dimension…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
