AxessPoint: Axes and trading behaviour in EUR IG blocks

Submitted by Vito on Fri, 07/29/2022 - 09:25
In our latest AxessPoint, we analyze how EUR IG response and win rates can substantially increase when a dealer is streaming Axe information and further increase when the axe level is competitive or large in size. Additionally, responders who improve upon their pre-trade level (Axe or Pre-trade indicative levels) tend to win more on block inquiries.

Asian local currency bonds trading electronically more than ever in H1, even as more turbulence expected

Submitted by Vito on Wed, 07/27/2022 - 13:11
Slowing growth and rising inflation levels have roiled global financial markets in the first half, while many observers expect even tougher times ahead. In spite of this, trading of Asian local currency bonds remains active on the MarketAxess platform, powered by the growth of Korean Won which is now the biggest market.

AxessPoint: Analyzing chair gensler’s comments on TRACE reporting

Submitted by Vito on Wed, 07/13/2022 - 09:53
The SEC chair recently announced the SEC was considering reducing the reporting window for US corporate bond transactions to TRACE from 15 minutes to 1 minute in an effort to improve post-trade transparency in the fixed income market. Read our latest AxessPoint which highlights where this change with have the biggest impact.