Asian and European investors are showing early signs of renewing their demand for longer-term U.S. corporate bonds, after yields have started stabilizing, and the result could be better performance for the securities. Source: Bloomberg Tuesday saw the most overnight demand for U.S. corporate debt since October 15, with more than $359 million being sold to…
Some trends quietly fizzle out without leaving a mark. Others implode, with everyone wondering what on earth we were thinking — like Tamagochis or fidget spinners. Occasionally, a halting, haphazard trend suddenly hits a point where it starts spreading like wildfire, and its success feels like it was always preordained. Electronic bond trading fits the…
Strong flows and growing demand for market data, trading tools and protocols should increase electronification of credit markets, the laggard in fixed income, even as work-from-home norms adjust. Historically low rates and compressed spreads have driven the search for efficiency, which also favors e-trading, and a Gary Gensler-led SEC would likely push to improve credit-market…
Discerning investors could eke more gains out of developing-nation bonds, but the bulk of the rally in the riskiest corners of the market may have passed. Source: Bloomberg The gap between spreads on emerging-market high-yield debt and global peers has narrowed from a record 470 basis points in May to 127 basis points, close to…
The bond market is largely out of reach for day traders, unless through a proxy, so it would seem safe from the dynamics that have launched volatility in equities like GameStop Corp. Source: MarketWatch But it’s not, exactly. The stunning ascent this month of GameStop GME, -26.15%, AMC Entertainment Holdings Inc. AMC, +5.05% and other heavily shorted stocks targeted by day…
BlackRock Inc., which oversees $7.8 trillion in assets globally, remains constructive on risk assets as the vaccine rollout, fiscal and monetary support and healthy consumer demand will drive a “significant earnings recovery.” That’s likely to lead to new investment and a multiyear expansion, according to portfolio managers for the BlackRock High Yield Bond Fund, David…
Deutsche Bank AG has seen a surge in trading across Wall Street since the U.S. election and news of a possible coronavirus vaccine, sustaining a rally that boosted third-quarter revenue across top investment banks. “The past couple of days since Pfizer’s groundbreaking announcement and what we all hope will be an inflection point in this pandemic, the street has…
Investors should focus more on corporate bonds than stocks in the near-term given the recent resurgence in the pandemic and political uncertainty in the U.S., according to JPMorgan Asset Management. Source: Bloomberg There’s “room for more consolidation in global equities,” Tai Hui, the $2.3 trillion asset manager’s chief Asia market strategist wrote in a note….
The prices dealers quote on electronic venues such as Tradeweb and MarketAxess are indicative and only valid for small-size tickets. The real market for institutional block trades tends to be far from the screen price. The lack of dependable data makes it difficult to agree prices and execute orders quickly, especially during times of market…
The all-around bullishness in fixed income ETFs may be coming to an end. With traders newly shorting $544 million worth of LQD, the ETF dipped 1.2% over the past month after gaining 19% since March 23rd. KatherineGreifeld states in an article published by Bloomberg: “Short sellers may be thinking that the yield curve has bottomed out…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
