The Credit Roundtable, a buy-side lobby group for bondholder protection has issued an ‘Investment Grade Primary Best Practices Framework’ designed to improve bond issuance. The measures are meant to standardize a process that has been historically fraught with inefficiency and unnecessary costs to investment managers. This is an issue Overbond is very familiar; check in…
Data is abundant, not only in volume, but also in the number of sources it is derived from, the frequency at which it is updated, and the variety of formats it may take. Time spent sorting through that data, however, can keep businesses from generating actionable information at pace. Ask us how we can help…
In its March report, IIF said “a wave of downgrades from BBB- to sub-investment-grade could force institutional investors with strict investment grade mandates to reduce exposures abruptly, resulting in ‘fire sales’”. That moment has arrived. “In the U.S., 15% of investment-grade bonds are at risk of becoming fallen angels,” reports Addenda Capital’s Yanick Desnoyers. This…
U.S. companies have rushed to borrow, selling more than $1 trillion of high-grade notes in just the last few months, and some of the proceeds have trickled down to banks. Underwriting fees for blue-chip U.S. company bonds in the first half of the year essentially doubled to more than $7 billion, year over year. Use…
Despite a mini-boom in the bond market, credit defaults are priced in. Companies are mercilessly sorted by recessions. The strongest credits grow stronger. The weakest investment-grade firms descend into junk territory. And the most frail speculative-grade firms go into default. Use Overbond’s market surveillance capabilities and trending financial ratios to monitor the credit landscape for…
The subject of bond market liquidity risk has been consistently gaining the attention of many financial institutions, regulators, and policy makers. Worries of liquidity risk continue to increase due to many factors (but not limited to): multi-year decline in dealer inventories and higher capital requirements, sharp increase in aggregate outstanding debt instruments, and proliferation of…
From Bunds to Gilts, Strategists have been calling for steepeners on the back of an inevitable global economic rebound. In the US, the call is as strong as ever with JPM, MS and NatWest calling for some expression of the trade. Overbond’s very own Rates Strategist, Tim Self, backtested a tactical 5s10s curve strategy. Inquire…
If necessity is the mother of invention, then the pandemic may help bring the staid corporate bond market into the 21st century and give its traders the speed and efficiency that’s routine among stock dealers. Larger portfolio trades routinely have more than 500+ bonds with varying liquidity profiles. Use Overbond’s custom basket creation feature to…
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…
On the topic of future-proofing your trading desk, @Simon Steward mentions, “I would say that data is key. Traders have access to vast amounts of data that both validate and challenge outcomes. By acknowledging and utilising data, traders can always continue to improve and evolve.” Harnessing data properly from multiple unique sources is the critical…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
