The Evolution of End-to-End Automated Bond Trading

OMS/EMS providers, electronic venues and data aggregators are rapidly merging their offerings so fixed income trading desk clients can realize benefits from automated trading without needing to assemble and maintain individual systems internally, writes Vuk Magdelinic, founder and CEO of Overbond. And with recent consolidation in the space, Mr. Magdelinic asks whether this transformation is only…

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Biggest Credit ETF Sees Shorts Soar

ETF traders are increasingly wary of the corporate bond market as inflation anxiety boils over. Source: Bloomberg Short interest in the $41 billion iShares iBoxx $ Investment Grade Corporate Bond exchange-traded fund (ticker LQD) is now 21.5% of shares outstanding, the highest on record, according to data from IHS Markit Ltd. The onslaught of bearish sentiment comes…

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Euro zone bond yields head back up after post-payroll swings

Euro zone bond yields rose on Monday as investors returned their focus to a brighter economic outlook and its implications for central bank policy following large swings following Friday’s U.S. non-farm payrolls data. Source: Reuters Rising crude oil prices after a major cyberattack forced the shutdown of critical fuel supply pipelines in the United States…

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UK regulators looking to make ‘quick fixes’ to MiFID II

The UK authorities are pushing on in earnest with reforms to the UK’s financial regulatory framework with one of the latest missives involving some ‘quick fixes’ to the markets in financial instruments directive (MiFID) II as proposed by the Financial Conduct Authority (FCA). Source: Global Risk Regulator On April 28, the FCA launched a consultation…

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