Portfolio trading surges – and heads multi-asset | IFR
WEB19 hours ago · View now. Portfolio trading surges – and heads multi-asset. US portfolio trading volumes have more than doubled this year as the rapid electronification of corporate bond markets is encouraging more investors to buy and sell large blocks of bonds in one go. There were US$802bn of portfolio trades in US corporate bond markets in …
US corporate primaries quiet as jobs report surprises - IFR
WEB20 hours ago · John Doran. The US investment-grade and high-yield primaries are quiet on Friday as headlines from a surprisingly strong September jobs report dominate markets. September's employment report of 254,000 jobs created far outpaced the 150,000 consensus and 159,000 jobs in August, BMO said in a report today, adding that this is the highest since ...
IFR SNAPSHOT - Ahead of Friday jobs report, IG and HY primaries …
WEB1 day ago · The average IG bond spread edged in 1bp to 91bp on Wednesday and the HY bond spread narrowed by 1bp to 306bp, according to ICE BofA data. "High grade spreads narrowed 1-2bp yesterday and now sit 1bp narrower on the week," BMO said. "With yesterday’s narrowing, spreads are now at their tightest …
IFR SNAPSHOT - IG and HY primaries expect another busy day
WEB2 days ago · In the IG primary on Tuesday, five issues were priced in 10 tranches totaling US$9bn to kick off the month of October and lift weekly supply to US$11.35bn, according to IFR data. The average new issue concession was 3.0bp and the average order book was 3.54x subscribed, according to the data. The average move from initial price thoughts to ...
IFR SNAPSHOT - Busiest September ever for IG winds down
WEB4 days ago · For the week, 54 tranches were priced totaling US$41.22bn and September volume so far stands at 224 tranches totaling US$176.92bn, making it the busiest September ever for IG issuance recorded, according to IFR data. That number does not include any offerings to be priced today, the last day of the month. September 2020 was the previous record ...
IFR SNAPSHOT - The HY primary active while IG sits one out
WEBSep 27, 2024 · In the IG primary yesterday four offerings were priced totaling US$7.45bn, pushing weekly volume to US$41.22bn, which exceeded syndicate supply forecasts for the week, and September issuance to US$176.92bn, according to IFR data. The average new IG issue concession was 1bp and the order book coverage was 4.64x subscribed, according to the data.
Quant credit rebounds after tough period - IFR
WEBSep 27, 2024 · Quant credit rebounds after tough period. 27 Sep 07:49. IFR 2553 - 28 Sep 2024 - 04 Oct 2024. 5 min read. Americas. Christopher Whittall. The relentless rise of electronic trading in corporate bonds is driving a rebound among hedge funds specialising in quantitative credit, helping to draw a line under a chastening period for investors that ...
IFR SNAPSHOT - IG and HY primaries still going strong
WEBSep 25, 2024 · On Tuesday 11 IG offerings were priced in 17 tranches totaling US$10.50bn, lifting weekly issuance to US$23.950bn and September IG volume to US$159.650bn, according to IFR data. The average NIC for the offerings was 1.07bp and the average order book was 4.12x subscribed, the data show. The average move from initial price thoughts to …
Inflation in focus as one IG issuer braves the market - IFR
WEBSep 11, 2024 · Two high-yield issuers, Perrigo and Viasat, are expected to print offerings today. They would follow the eight junk offerings that priced yesterday, raising a total of US$4.825bn, according to IFR data. The average IG bond spread widened by 2bp to 101bp on Tuesday, and the HY bond spread widened 10bp to 346bp, according to ICE BofA data.
IFR Awards 2023: The winners | IFR
WEBFeb 2, 2024 · Mess up the resulting handover and things can go wrong very quickly. Morgan Stanley looks to have handled its succession process extremely well while remaining on top of its game. Morgan Stanley is IFR’s Bank of the Year. Articles on the winners of all 110 categories are available here. A …