Direct streaming of dealer prices could allow traders to bypass third party venues, if their desktop systems can be used to execute direct streams from dealers. Source: fidesk Execution management systems (EMSs) could become a focal point for direct connectivity with dealers on the buy-side desktop. To date they have often struggled to find a place…
Adoption of automated trading continues apace across several bond markets and within different grades of instrument. Gareth Coltman, global head of automation at MarketAxess, gives traders an update on where and how they can tap into more automated bond trading, in order to deliver efficient and opportunistic execution, improved cost savings and improved desk efficiency….
German 10-year yields inched in over the past week to current levels near -.43%, and while +14 basis points higher on a year-to-date basis, are nonetheless down -22 bps over the past 4 weeks. In credit, 10-year investment grade spreads were little changed on the week at +90 bps, holding still longer to the relatively tight…
Analysis of the European and US corporate bond markets by Coalition Greenwich has found that block trades and counterparties are a far greater concern for buy-side traders dealing in Europe’s bond markets. Source: The DESK The report, ‘European Bond Trading Innovation: Lessons from Across the Pond’ looked at the relative evolution of fixed income trading…
It was a bloodbath in the major equity market indices on Monday, with the worst single day losses seen this year. A growing narrative that growth in the US and other major economies may have already peaked, reinforced by Covid variant resurgence fears has knocked off roughly half a percentage point in 10-year Treasury yields…
German 10-year yields are seen marginally higher on a week-over-week basis at -.30%, holding however near 3-month lows. While pulling back on our overall call for a move back into positive ground before the fall or even year end, we expect increasing downside stickiness at and inside current levels. Upside yield support is however anticipated…
For years, David Horowitz at Agilon Capital was a rare breed in the bond market: a quant in a notoriously old-school business where prices were a call rather than a click away. Sixteen months of the pandemic is changing all that. Source: Bloomberg The work-from-home era is fueling a surge in electronic bond trading that gives the…
German yields moved lower still on a week-over-week basis, as 10-year Bund yields fell -5 bps to -.23%, the lowest/most inverted level in almost a month. For the immediate term, the interim June 11 lows of -.27% is seen tracing out as downside resistance, with upside support tracing out at -.15%. In credit, 10-year investment…
With trading volumes for US corporate bonds up
