Technology: Can EMS become a desktop trading venue?

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…

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Tangible Returns From Bond Trade Automation

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….

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WEEKLY EUR AND US FIXED INCOME MARKET UPDATE

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…

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European bond traders struggle with block trades and counterparties

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…

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Weekly EUR and US Fixed Income Market Update

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…

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Overbond Weekly EUR and USD Bond Market Update

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…

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Overbond Weekly EUR and USD Bond Market Update

German yields were seen marginally lower over the past week, led by the belly of the curve. 10-year yields fell about -2 bps to current levels near -.18%, all of it from declines in real yields as inflation expectations held steady. Oa a year-to-date basis, German nominal 10-year yields are up close to +40 bps,…

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Weekly EUR and US Market Update

German yields moved higher over the past week, but remain lower on the month. 10-year benchmark Bund yields backed up to -.18% on a +5-basis point rise since last Wednesday, and as in the US, the 5-30s curve flattened. In credit, 10-year investment grade spreads narrowed in marginally to +87 bps, holding however to the…

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