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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Traders See Cash Tightening in India to Drive Bond Playbook

India’s sovereign bond investors are converging on a trade idea for 2021. They’re betting that short-term yields would rebound as the central bank soaks up excess cash on signs of an economic recovery. Source: Bloomberg RBL Bank Ltd. and Quantum Asset Management Ltd. are among those forecasting that liquidity tightening by the Reserve Bank of…

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The TRADE’s Crystal Ball 2021: Fixed income and post-trade

We expect to see further growth in the ETF market next year as investors assess opportunities to broaden the diversity of their portfolios through investments that provide exposure to a variety of industries, asset classes and exchanges across the globe at low cost. Source: The TRADE The European market in particular is expected to continue…

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Asia’s Best Credit Funds Say Junk Bonds Will Be Key in 2021

When global bond markets dipped in February, fund manager John Stover dove in, predicting a rebound, only to watch prices collapse as the coronavirus pandemic raged on. Stover kept buying. Source: Bloomberg “It never feels good to buy at the bottom or when things are going down,” he recalled earlier this month, describing hasty phone calls to portfolio…

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Seth Bernstein: Diversification via fixed income “if not dead, is in critical condition”

Seth Bernstein, the CEO of US$622 billion AUM asset manager AllianceBernstein, has opened the Fixed Income Leaders’ Summit US today, with an analysis of the challenges facing bond investment management and the changes necessary to overcome those challenges. Source: TheDesk “I am one of those people that does believe the diversifying role of fixed income…

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