While strong US economic and inflation statistics fuelled anticipation for more rate rises, investors withdrew almost record amounts from corporate bond exchange traded funds in February. BlackRock data shows that investment-grade and high-yield corporate bond ETFs saw a combined net outflow of $8.3 billion in February. This is the second-largest outflow on record, only surpassed…
Junior debt issued by banks is normally one of the riskiest types of fixed-income in the US and Europe. It’s typically not backed by collateral and in the event of a crisis it only gets paid back after other bonds. But in a world of soaring inflation and interest rates, it has a feature that…
The Bank of England (BofE) has today launched a new stress testing “exercise” to improve the understanding of how major banks and buy-side behave in stressed market conditions, including how these behaviours might interact to “amplify shocks”. The launch follows the UK gilt crisis in September last year where in less than three days, 30-year…
U.S. bond investors are coming around to using technology more to trade fixed-income products, as they seek to inject efficiency into processes that are still largely done manually, a study by financial analytics firm Coalition Greenwich and global fintech firm TS Imagine said. Traders have slowly adopted execution management systems (EMS) in their workflow to…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
