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Fixed Income Subscription
We examine the evolution of the fixed-income market, the products, platforms, the role of dealers, institutional investors, and emerging liquidity providers, and the impacts of new and expected regulation.
Our independent third-party analyses form the basis for senior sell-side management to benchmark their client businesses, identify revenue opportunities, assess service quality, and optimize allocation of resources.
In June, the United States added significant social upheaval to a year that had already seen major economic change marked by extraordinary federal intervention.
U.S. Treasury markets spent most of June in an eerie calm as volumes, electronic trading, volatility, and derivatives activity all dropped back down to or below long-term averages.
Global markets liquidity came under extreme pressure in late February and early March as fear and uncertainty gripped the world. Market infrastructure, meanwhile, held up remarkably well. The swaps market, however, was not immune to liquidity...
U.S. Treasury market volumes stabilized in May and are effectively back within normal range. May’s average daily volume (ADV) of $610 billion is only 7% above the full year average for 2019 and only 10% higher than the same month last year.
The COVID-19 panic affected corporate credit markets more directly than any other aspect of the financial system. Credit markets were the center of the storm.
Improving the Search for Corporate Bond Liquidity
Greenwich Report
Corporate bond market structure has shown its resilience in 2020 like never before. Even in the most volatile days, before the Federal Reserve stepped in and the migration to working from home was just beginning, volumes surged, the largest trading...
CSDR - Not Failing to Change European Bond Markets
Greenwich Report
Buy-side fixed-income trading desks have faced mounting demands on their time: the explosion of issuance, alongside greater transaction/trade reporting obligations, and increasingly rigorous internal audit requirements. However, they pale in...
More Gain than Pain: Integrating a Complex Fixed-Income Market
Greenwich Report
One person's struggle is another's opportunity - weaving the fixed income market into something that feels like a single interface remains challenging but is increasingly obtainable.