A new report from analyst firm Aite-Novartica has found nearly a third of bond market participants and traders believe it is hard to justify the cost of data, given the additional value it provides. Source: The Desk In many cases, the inability to create clean data was to blame – a phenomenon that lives on…
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…
European Central Bank President Christine Lagarde gave investors the green light to load up on some of the highest-yielding government bonds in the region over the coming months. By signaling that there would be no let-up in the ECB’s pandemic debt-buying program on Thursday, she helped put aside fears that the central bank is preparing…
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…
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…
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…
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…
A pause in a broad selloff in U.S. treasuries and other global bonds last month has given foreign investors time to rethink their Asian holdings and shift money to safer markets such as China, away from riskier countries like Indonesia and India. Source: Reuters China, India and Indonesia were among the largest recipients of yield-seeking…
Euro area government bonds have notched up their worst monthly performance against U.S. Treasuries in a year and investors are bracing for a bigger sell-off over coming months as the pace of vaccination finally picks up across the bloc. source: Reuters Ten-year U.S. Treasuries’ yield premium over equivalent German bonds, a gauge often used to…
Euro zone bond yields edged higher on Monday, amid a growing sense that the worst may be over for the bloc’s coronavirus-battered economy. Italy’s 10-year bond yield was up 1.5 basis points, after hitting its highest since October 2020 at 0.831%, up 5 bps, as prices fell and the gap over German peers widened out…
With trading volumes for US corporate bonds up
