Jan 3 (Reuters) – U.S. corporate borrowers are raising nearly $16 billion in high-grade rated bonds on Wednesday, adding to a $29 billion issuance binge on Tuesday, as companies looked to grab strong investor demand ahead of economic data releases. Among the issuers was Berkshire Hathaway-owned utility Pacificorp (PPWLO.PK), which raised $3.8 billion in bonds that…
With central banks near the end of the tightening cycle, veteran fixed income specialist Roshan Thiru argues that after a difficult 18 months, Canadian corporate bonds have become highly attractive, and he expects they will generate attractive returns in 2024. “For the bond market as a whole, it has felt like forever. We were stuck in…
Nov 20 (Reuters) – Investment bank Morgan Stanley (MS.N) is recommending that corporate bond investors focus on higher quality investment-grade and high-yield bonds headed into next year, as a wave of maturities poses risk to more junk-rated companies. Morgan Stanley said it suspects the Federal Reserve has neared the end of its rate-hiking cycle, with a soft…
Wall Street may be home to the most sophisticated and high-tech financial machinery in the world — but if you want to buy some bonds, you often have to call up an actual human on the phone. Why it matters: That’s finally starting to change. Electronic trading has surged over the last four years in the corporate…
Following two major announcements this year, The TRADE speaks to the trading venues hoping to dominate the evolving fixed income algo trading sphere. Over the last few months, the market has seen two of the most prominent fixed income trading venues expand their service offerings through acquisitions of algorithmic trading providers. In recent years, algorithmic…
This partnership will allow Overbond clients to derive even greater value from Overbond components, as they can now interoperate with a wide range of applications. Overbond, as the leading API-based credit trading automation and execution service, and Interop.io, the driving interoperability agent in capital markets have partnered to Streamline FI Trader Workflows through FDC3 interoperability. Overbond’s analytics…
The majority of financial firms are planning for pilots or deployment of generative artificial intelligence according to a webinar hosted by Broadridge Financial Services, the fintech provider. In a Broadridge webinar on 26 October, Generative AI: Lessons From the Front Line, a poll found that only 8.2% of attendees have no plans to use the technology….
TD Cowen has invested heavily in people and technology over the years, and now clients are seeking different forms of hybrid outsourced trading services from the provider along with delving deeper into new asset classes, says Michael Rosen, managing director and global co-head of prime brokerage & outsourced trading. How has the perception of outsourced…
Director, senior fixed income and FI ETF trader at BlackRock, Laura-Jane Purnell, sits down with Wesley Bray to discuss her journey to the trading desk, the key drivers in the modernisation of bond markets and how to navigate shifting liquidity supply and demand dynamics. By Wesley Bray Tell us about your journey to becoming a fixed…
Breaking into a market where giants already loom large isn’t for the faint of heart, nor theshallow of pockets. In fixed-income trading platforms, there are the Big Three: Bloomberg,MarketAxess, and Tradeweb. But two years ago, Broadridge ambitiously threw its hat into the bondtrading ring with its LTX platform. LTX’s value proposition is that broker-dealers stand…
With trading volumes for US corporate bonds up
