Data may well be the natural resource that defines this century. If so, effective application of machine learning can extract its value. According to Charles Elkan, global head of machine learning at Goldman Sachs, financial services seems like fertile ground for AI to generate profit. Let Overbond introduce you to what the technology can do…
As artificial intelligence finds a foothold in equities and FX trading, the benefits are clear to most, if not all market participants. However, there are market-specific challenges that the technology still faces. This will be no different with AI’s eventual adoption in the corporate fixed income market. Here are Overbond, we are thrilled to be…
After a torrid rally sparked by the Fed’s announcement in March that it would begin buying corporate debt, investment-grade bonds have stalled near record levels. High-grade spreads soared 150 basis points in March, subsequently tightened by 70 basis points in April and have dropped about 14 basis points so far in July through Friday. With…
After dire predictions that ETFs would exacerbate volatility in fixed income, investors instead used the instruments to skirt many of the antiquated bond market’s structural problems. Blackrock’s Carolyn Weinberg estimates that 60 pension funds, insurers, and asset managers were first-time buyers of fixed income ETFs during the first quarter. Use Overbond’s ETF basket construction and…
Great thoughts from Brian Chappatta, about sifting through US corporate bonds and sorting out the companies that are merely distressed from those that are ultimately doomed. Utilize Overbond’s Market Surveillance and Fundamental Momentum tools to separate great buys from looming downgrades. Source: Bloomberg Investment-grade bonds have become almost a commoditized asset class, given the Federal…
As observed by Subhadip Sircar, Divya Patil, and Saket Sundria at Bloomberg, for Reliance Industries is not alone in observing the curve steepening 2s-10s in corporate bonds in India and EM at large, is proceeding faster than the steepening playing out in sovereign bonds. Monitor curve steepening effects for all EM corporate and sovereign yield curves using Overbond’s curve…
Titans such as Microsoft, Apple and Home Depot have been among the beneficiaries of the Fed’s bond buying program. Although the purchases have been light, questions have been raised over “moral hazard” as the Fed buys debt from these companies that don’t seem to need the central bank’s help. Track for dislocations in the corporate…
As part of the Fed’s SMCCF, it will not only buy bond funds, but also individual corporate bonds, the total size of all bond-buying programs is $750 billion, roughly 4% of U.S. GDP. Clearly with this buying volume / size markets impact could be significant, use Overbond’s COBI analytics to understand the impact on bond…
The mammoth bond market has long been the old-school bastion of the financial world, but the COVID-19 pandemic has cast a light on its future – and it looks electronic. As an example, around 45% of the European fixed-income market is electronically traded, versus 38% a year ago, Greenwich Associates estimates. Embrace the new generation…
Barclays reports that, in a post-covid world, [AI] trends in business models will stand to do well in the long run. As such, an investment opportunity for investors lies in sustainable bonds (like green bonds). The recent pick up in issuance of green bonds confirm that. The issuance remained above the trend in April and…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
