Category: MARKET NEWS

The DESK asked buy-side desks about the best ways their counterparts on the sell side support them. Juniorisation of the sales and trading function at investment banks is a real concern, meaning that the experienced sell-side traders are being replaced by younger team members who either lack the relationships needed to help clients get the…

Read More›

Last year, 62% of European investment-grade corporate bond trading volume was executed electronically, as with 49% of notional high-yield volume; compared to 40% and 31% in the US, respectively. New research from Coalition Greenwich has found that 62% of European investment-grade corporate bond trading volume was executed electronically last year – making Europe the most…

Read More›

Some of the biggest bond managers are sticking to their bullish view on the market for US government debt, even as that trade looks riskier by the day. Brandywine Global Investment Management, Columbia Threadneedle Investments and Vanguard Group Inc. are keeping the faith that a rousing fixed-income rally is coming, a stance that is being sorely tested…

Read More›

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…

Read More›

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…

Read More›

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…

Read More›

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…

Read More›

Pensions & Investments highlights artificial intelligence’s impact on the asset management industry and better long-term outcomes for clients with @Vanguard CEO Mortimer J. “Tim” Buckley “What we’re suddenly discovering with generative AI there are a lot of cognitive things that we do that are actually fairly routine,” Mr. Buckley said at the Investment Company Institute…

Read More›

The Trade highlights recent Linedata survey findings, where almost half of respondents in the UK are prioritizing investment in automation to drive business results. Linedata’s 2023 global asset management survey has found the main focus globally is on future cost saving and automation. The survey from Linedata included responses from 265 firms in the Americas,…

Read More›