The expansion of the nation’s vaccination campaign to younger adults is bolstering the outlook for higher education bonds amid growing optimism for a more normal return to campuses in the fall. Source: Bloomberg The Bloomberg Barclays index of the riskiest municipal securities for education — which includes those sold for student housing and other facilities…
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…
The average yield spread on double-A corporate bonds has narrowed by more than 50 basis points since Apple’s last offering, suggesting the iPhone maker could lock in a 10-year rate around 1.25%. To put that in context: Before this year, the U.S. government itself had never borrowed so cheaply. With corporate spreads compressing to historic…
In light of the market volatility in fixed income that began in March, AI trades decreased materially as a percentage of total volume. “The programmatic trading that exists in credit is not equipped to handle volatility related to liquidity.” – Sonali Theisen. The market was stressed and needed human oversight. Liquidity Profiling using Overbond’s COBI pricing…
Rating agencies downgrade companies from one category to another adding to volatility in trading levels. Source: Wall Street Journal Rating agency downgrades are helping shift the pricing dynamics across the U.S. corporate bond market. As credit raters drop their outlooks across the sector, the amount of additional yield that investors demand over super-safe Treasurys is rising…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
