As uncertainty stalks markets and remote work proliferates, the ability to find liquidity and measuring trade performance is critical. Fixed income desks around the world, who apply the analytics of ‘Best Ex’ and Transaction Cost Analysis can refine their trade process to gain insight on costs, asset allocation, and assess counterparty execution performance. It’s a…
According to panelists at FILS 2022, algo and portfolio trading are set to grow. Algorithmic trading, which is now a pillar in firm’s fixed income execution strategies, is a key theme at this year’s Fixed Income Leaders Summit, seeing a sharp increase in usage by traders. It was noted by panelists as central to the…
TradeNews’s Laurie McAughtry, in an interview with Dwayne Middleton, global head of fixed income trading at T.Rowe Price, discusses the approaches to challenge the volatility, liquidity and stability in today’s unique trading environment. Talking about the situation in the pre-financial crisis, Dwayne Middleton said “With all the central bank money that came into the financial…
Reuters article highlights junk bond investors’ tough choice as yields spike. A sell off in the US junk bond market presented buying opportunities however, investors are hesitant as fears of looming recession could spark widespread credit defaults. Spreads on junk-rated bonds have widened some 184 basis points this year while yields – which move inversely…
Source: Reuters The Bank of England attempts to put an end to the chaos in the British bond market. After having failed to complete this task verbally, the British Central Bank has recently announced the implementation of the “emergency bond buying program” in the hopes of preventing further catastrophe and ameliorating the situation. The Bank…
Source: Tabb FORUM TABBForum’s Head of Fixed Income and Research, George Bollenbacher’s recent article featuring Vuk Magdelinic, CEO, Overbond explores how technology is currently being used in fixed income, and what the buy side and sell side see in future developments. Changes have been slower in fixed income than in other markets like equities and…
Source: Morningstar Morningstar article discusses’ bright future for high yield bonds. High yield and emerging market bonds have had a tough year as rising interest rates combined with weakening emerging market economies have squeezed funds in those asset classes. However, Frank Gambino and David Nava, who oversee the $3.3 billion RBC Global High Yield Bond…
Bloomberg article highlights increased interest in ESG bonds amid credit market downturn. The market for socially responsible credit stays open while the broader primary market sinks as a result of heightening recession risks. Although volumes have decreased, issuance of ESG products are increasing, making up 9.44% of the more than $1 trillion volume of corporate…
According to a recent Reuters article, credit investors see more risk ahead as recession fears rise. Heightened fears of economic slowdown are causing investors to reduce their risks in their credit exposure. Nick Hayes, Head of Global Strategic Bond Strategy, AXA Investment Managers said “We will always own high yield, but I think we probably…
Fresh evidence of accelerating inflation rattled bond markets anew on Wednesday, sparking large swings in Treasury yields as traders shifted their bets on how the Federal Reserve and the economy might respond. Treasury yields, which rise when bond prices fall, jumped immediately after the government released new consumer-price index data, which showed broad-based inflation reaching another four-decade high….
With trading volumes for US corporate bonds up
