Overbond first to integrate Euroclear LiquidityDrive into real-time bond trading automation

TORONTO, ON and NEW YORK, NY — JANUARY 21, 2021 — Overbond continues to lead the way in the automation of global fixed income trading. The provider of AI quantitative analytics for institutional fixed income capital markets is now the first to integrate Euroclear LiquidityDrive settlement-layer data for fixed income trade automation purposes. “The lack…

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BlackRock Says Buy Covid-Sensitive Bonds on Recovery Prospects

BlackRock Inc., which oversees $7.8 trillion in assets globally, remains constructive on risk assets as the vaccine rollout, fiscal and monetary support and healthy consumer demand will drive a “significant earnings recovery.” That’s likely to lead to new investment and a multiyear expansion, according to portfolio managers for the BlackRock High Yield Bond Fund, David…

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Fitch Affirms Cenovus’s IDR at ‘BB+’; Outlook Positive; Assigns ‘BB+’/’RR4’ to Husky Issuances

Fitch Ratings – Chicago – 04 Jan 2021: Fitch Ratings has affirmed Cenovus Energy Inc.’s (CVE) Long-Term Issuer Default Rating (IDR) at ‘BB+’, and senior unsecured ratings at ‘BB+/RR4’, following the close of the Cenovus-Husky merger. The Rating Outlook remains Positive. Source: Fitch Ratings In addition, Fitch has assigned ‘BB+’/’RR4’ ratings to Husky Energy Inc.’s…

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Bond ETFs Survived 2020 Liquidity Scare. But Just Barely.

You don’t need to be an expert in financial market structure, nor in fixed-income investing, to understand that an “illiquidity doom loop” is a very bad thing. Source: Bloomberg This phrase made its first appearance in a Bloomberg News article on Friday, March 20, when Mizuho International Plc’s Peter Chatwell raised the alarm about certain exchange-traded funds tracking the bond markets….

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