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…
For Vuk Magdelinic, using artificial intelligence in corporate bond trading is more than a promise — it’s a reality. “We can automate 30 percent of a trader’s entire trading workflow,” says the CEO of Overbond, a fixed income AI analytics company. “So, if I’m a trader and I trade 300 transactions a day, 100 out of…
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…
TORONTO, ON and NEW YORK, NY — JANUARY 21, 2021 — Overbond continues to lead the way in the automation of global fixed income trading. The provider of AI quantitative analytics for institutional fixed income capital markets is now the first to integrate Euroclear LiquidityDrive settlement-layer data for fixed income trade automation purposes. “The lack…
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…
“Over the next decade we’re going to see an incredible evolution of artificial intelligence,” says Vuk Magdelinic, CEO of Overbond, a fixed income AI analytics firm. “The ’90s were the internet age, the aughts the age of cloud and the ’10s the age of social media. The ’20s will be the age of AI.” Source:…
You don’t need to be an expert in financial market structure, nor in fixed-income investing, to understand that an “illiquidity doom loop” is a very bad thing. Source: Bloomberg This phrase made its first appearance in a Bloomberg News article on Friday, March 20, when Mizuho International Plc’s Peter Chatwell raised the alarm about certain exchange-traded funds tracking the bond markets….
India’s sovereign bond investors are converging on a trade idea for 2021. They’re betting that short-term yields would rebound as the central bank soaks up excess cash on signs of an economic recovery. Source: Bloomberg RBL Bank Ltd. and Quantum Asset Management Ltd. are among those forecasting that liquidity tightening by the Reserve Bank of…
When global bond markets dipped in February, fund manager John Stover dove in, predicting a rebound, only to watch prices collapse as the coronavirus pandemic raged on. Stover kept buying. Source: Bloomberg “It never feels good to buy at the bottom or when things are going down,” he recalled earlier this month, describing hasty phone calls to portfolio…
As we approach the third anniversary of its implementation date, the impact of the EU’s MiFID II continues to be felt around the world as global players adopt key measures as a form of best practice. Part of its wide remit to recast the mould for European institutional financial markets was to set out a…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
