Blue-chip companies have sold more than $1 trillion of bonds in 2017, passing that milestone for the sixth straight year, as Federal Reserve rate hikes spur companies to borrow while it’s still cheap.

Global securities regulator umbrella body IOSCO has recommended that its members seek more information on corporate bond trading, particularly on the specifics of the market before a trade is made, and how it is subsequently reported

Many fixed income firms are gaining a massive competitive advantage by structuring Bloomberg messages to find more trades and to find them before competitors. 

His undoing at the bank began when Hutchin Hill, a hedge fund with about $3 billion in assets, noticed someone carried out a trade on a security that it also owned, sparking a decline in the price.

MarketAxess, the largest corporate bond trading venue in the US, has hit back at accusations that it is losing market share to Tradeweb, saying its smaller rival is putting out numbers that are “confusing” the market.

This study presents new evidence on buy-side institutions as a channel of liquidity supply in the corporate bond market

It found that redemptions worth 1% of the total net asset value of bond funds could result in European investment grade corporate bond spreads increasing by around 40bps, while a sell-off of 1.3% of assets could lead to a 70bps widening. 

FNL Exclusive: This brilliant article by Fischer Black predicts how technology and electronic trading will change equity market structure. 

The decision to offer a financial reward to market makers — the financial institutions that commit to offering prices for other investors to trade — draws on similar practices that already occur more commonly in equity and futures markets.

Postcrisis regulations have reshaped bond markets, with the largest asset managers gaining advantages over smaller competitors