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Concannon ‘Graduates’ to Fixed Income – Markets Media

Full Article: Markets Media

“The FX market used to be dealer-driven until the banks withdrew from taking risk,” he added. “Technology developed in FX can be deployed in fixed income algos, and to provide anonymous liquidity in an agency model.”

  • Goose
    GooseFebruary 8, 2019"Color me skeptical.. the liquidity profile of size, daily volume, strategies, turnover, consistent bid/ask are all very similar to FX and will support a robust agency model. Also this... "Open Trading is MarketAxess’ all-to-all trading model which allows the buy side to also supply liquidity, rather than the traditional model of only banks supplying liquidity to investors". Saw a linkedin article that said buyside to buyside corporate bond trading is 2…"

JPMorgan Worries About BBB Firm Falling Into Junk Category – ThinkAdvisor

Full Article: ThinkAdvisor

“More than half of BBB companies in the U.S. and Europe look more like high yield than high grade” based on their leverage multiples, strategists including Nikolaos Panigirtzoglou wrote in a note to clients. “This suggests that the downgrade and fallen angel risks look pretty elevated at the moment.”