Corporate bond electronic trading has found an equilibrium in 2022, despite a market that otherwise can’t seem to agree on much.

U.S. Treasury trading volume dropped for the fourth consecutive month and hit its lowest level since September 2021, despite sustained volatility and inflation uncertainty.

The “Money-in-Motion” analysis is based on the reported hiring expectations of institutional investors across a range of asset classes, including traditional and alternatives products and active and passive mandates.

High levels of turnover in bank staff—particularly among relationship managers—appear to be eroding perceptions of the quality of service banks are delivering to some small businesses and middle market companies.

The average daily volume in June for U.S. corporate bonds was up 6% from last year, while e-traded volume grew an impressive 25%, equating to $14.8 billion traded per day over the month.

Despite market gyrations, U.S. Treasury trading volume was surprisingly average, just shy of $600 billion traded each day on average in June, 4% below the same period last year.

India’s private banks are on the ascendancy. At the top of the corporate banking market, the country’s three biggest private banks, in aggregate, have gained a large share of deeper relationships among large and middle market corporates.

As volume and volatility have continued to impact equity markets, investment managers continually seek ways to improve their access to the markets. During this period, many more managers have recognized the benefits of outsourced trading.

In 1Q22 Coalition Index Investment Banking revenues were down by (11)% on a YoY basis.

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