News
US and Middle East bond issuance separated by Iran war - The DESK - The leading source of information for bond traders
5+ hour, 43+ min ago (150+ words) Meanwhile Fitch Ratings is reporting that US$ bond and sukuk issuance across Gulf Cooperation Council countries has fallen off since the outbreak of the Iran war. Soojin Kim, MUFG's research analyst for commodities, ESG and emerging markets in EMEA, noted…...
Buy-side traders become invaluable during crisis - The DESK - The leading source of information for bond traders
1+ week, 6+ day ago (275+ words) Despite the macro headwinds weighing on rates and equities, US investment grade (IG) remained relatively insulated last week, with spreads tightening by 2 basis points (bps), resulting in excess returns of 0.2%," noted Morgan Stanley Research in its latest note on credit…...
Europe sees credit issuance crash on war turbulence
1+ week, 6+ day ago (195+ words) Europe sees credit issuance crash on war turbulence'fi-desk.com European investment grade issuance came in at "6 billion last week, according to Morgan Stanley data, with year-to-date (YTD) volumes tracking at "170 billion, now down 3% year-on-year (YoY). High yield saw no issuance,…...
UK bond transparency jump outpaces EU, with reporting up 307% - The DESK - The leading source of information for bond traders
2+ week, 1+ day ago (470+ words) Panellists at FIX EMEA gave conference attendees their first read of the new market transparency regime impact. Albeit with only a few days of data for the European regime, UK reporting is the one ongoing a far more drastic change....
Iran war: Conflicted liquidity in credit - The DESK - The leading source of information for bond traders
2+ week, 5+ day ago (388+ words) Investors report the most immediate consequence of the events unfolding in the region to be a flight to quality, as they rotate out of riskier credit and into safer government bonds. "As with most political conflicts, a flight to quality…...
Origination: Germany issues bumper green bund - The DESK - The leading source of information for bond traders
2+ week, 6+ day ago (120+ words) This is the country's first issuance under the new Green Bond Framework, and adds to existing securities maturing 2035 and 2050. Updated in January, the German Finance Agency commented that the new framework improves reporting and transparency regarding expenditure evaluation and selection....
CFTC’s Behnam joins Bloomberg - The DESK - The leading source of information for bond traders
1+ mon, 1+ week ago (113+ words) CFTC's Behnam joins Bloomberg - The DESK - The leading source of information for bond traders'fi-desk.com Former CFTC chairman Rostin Behnam has resurfaced at Bloomberg, joining the firm as global head of public policy and corporate affairs. Behnam will lead US…...
Corporate issuance begins February weighted towards Europe and IG
1+ mon, 2+ week ago (240+ words) Investment grade bond issuance reached US$60 billion in the first week of February, with year-to-date (YTD) supply tracking at US$288 billion, according to Morgan Stanley, in total up 18% year-on-year (YoY). European IG new issues reached "16 billion the same week, making…...
Brett Chappell: Low friction EM markets get an effective rate cut - The DESK - The leading source of information for bond traders
1+ mon, 3+ week ago (496+ words) That combination matters. More issuance, from a broader set of countries and in more varied formats, increases the importance of how efficiently markets function beneath the surface. Funding costs are no longer driven solely by credit fundamentals or macro policy,…...
European bond trading impacted by 84% of flows to active open-ended funds
1+ mon, 3+ week ago (337+ words) Europe's fixed'income flows are still led by active funds, while the US is heavily influenced by passive and ETF demand " and that shows up clearly in how clients trade on MarketAxess,says Gareth Coltman,headofproducts, EMEA and APACatMarketAxess." Europe's bond-fund…...