Sentences with phrase «corporate bonds trade»

For example, one source found that, on average, high - yield corporate bonds trade fewer than half the days each month; meanwhile, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) trades millions of shares each day.
Corporate bonds trade on major exchanges, and have $ 1,000 par values.
For example, one source found that, on average, high - yield corporate bonds trade fewer than half the days each month; meanwhile, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) trades millions of shares each day.
The firm runs the Honeycomb Network, a platform that lets investors see which dealer is best placed to make corporate bond trades happen.
Currently, electronic corporate bond trading has not only evolved to become an essential component for secondary trading, eTrading is considered by many to be the panacea for resolving the perceived corporate bond liquidity crisis.
In private industry, Patrice worked on Wall Street in Employee Relations and later in Corporate Bond Trading.
Yellow sheets: A listing of corporate bonds traded in the OTC market, showing the market makers and their quotes.
In 1997 Brian moved to Merrill Lynch Canada Inc. and over the next 11 years held a variety of positions in Corporate Bond Research, High Yield and Corporate Bond Trading, Syndication and Proprietary Trading.
To illustrate, I got cheated on my first corporate bond trade with CSFB.
While both Chinese government and corporate bonds traded tighter, the yield of the S&P China Corporate Bond Index tightened by 91bps to 5.56 %, as of June 30, 2014.
Most corporate bonds I traded had three basis points between the bid and the ask.
According to TRACE, which is a system for tracking corporate bond trading, about 4,300 TRACE eligible corporate issues trade each day.
Note that the Sears bond has a higher yield throughout the period, reflecting the fact a corporate bond trades at higher yields than a government bond.

Not exact matches

Based on where bonds are trading today, the market is saying about 5 % of those corporate loans will go bust, or roughly $ 35 billion worth at the six biggest banks.
It's less relationship - driven than the corporate bond market because there are fewer products to trade, making it more prone to automation.
It used the FSR to report that traders and investors in Canada say that it is taking longer to complete trades in fixed - income markets and that larger trades that used to go through easily now must be broken up into smaller bites, especially when moving corporate bonds.
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to this afternoon's FOMC Meeting Statement followed by reports tomorrow on UK PMI, Eurozone PPI, CPI, US Challenger Job Cuts, Productivity, Unit Labor Costs, Jobless Claims, Trade Balance, Markit Services PMI, ISM Services, Durable Goods and Factory Orders for near term direction.
Our team of credit professionals deliver sales and trading capabilities across a wide range of fixed income asset classes including high yield, distressed and investment grade bonds, convertible bonds, public and private corporate securities, leveraged loans and emerging market debt.
We trade all fixed income assets, with a focus on more illiquid situations, from high yield, distressed and investment grade bonds and convertible bonds to public and private corporate securities and leveraged loans.
«Liquidity,» in fact, is THE watchword now in bond trading — ironic, considering that the U.S. central bank's primary intention has been to boost the flow of cash through financial markets, drive a push toward riskier assets like stocks and corporate credit, and thus generate a wealth effect that would spread through the economy.
Each day these dealers, on average, trade about $ 700 billion of bonds (including Treasury, government agency, corporate, and municipal bonds) with clients, and billions more in trades among themselves.
Convertible Debt - the term convertible debt basically, means securities that can be converted to other specified amounts of another security at the option of the holder and issuer, either single or both... Debentures or corporate bonds are traded for commodities stock within a specific period.
Some 5.7 % of corporate junk bonds from emerging markets are trading at prices below 70 cents on the dollar, more than double the rate for higher - risk U.S. bonds, according to JPMorgan.
Each week a limited number of new issue corporate bonds are available for purchase at par, in minimum denominations of $ 1,000, without additional trading concessions.
While the bond market in general has become relatively illiquid, the corporate junk bond market is now largely trading in «step function» prices for anything larger than «one - sies and two - sies» ($ 1 to $ 2 million bond trades).
The average bid / ask spread was 29 cents (per $ 100 par value) for both investment - grade and high - yield bonds, and the average daily trading volume was $ 2.2 million ($ 2.5 million) for investment - grade (high - yield) corporate bonds.
These paybacks have pushed up the yen's exchange rate by 12 % against the dollar so far during 2010, prompting Bank of Japan governor Masaaki Shirakawa to announce on Tuesday, October 5, that Japan had «no choice» but to «spend 5 trillion yen ($ 60 billion) to buy government bonds, corporate IOUs, real - estate investment trust funds and exchange - traded funds — the latter two a departure from past practice.»
The average market impact cost was 29 basis points (39 basis points) per $ 1 million traded for investment - grade (high - yield) corporate bonds.
Each month, Palhares and Richardson sorted corporate bonds into quintiles based on each liquidity measure and computed the return of a long / short portfolio that buys the least liquid bonds (i.e., smaller issue sizes, higher bid / ask spreads, lower trading volume, higher price impact or higher frequency of zero - trading days) and sells the most liquid bonds (i.e., larger issue sizes, smaller bid / ask spreads, higher trading volume, lower price impact or lower frequency of zero - trading days).
The average investment - grade (high - yield) bond trades on less than 32 % (36 %) of days over the prior six months — liquidity in corporate bonds was considerably lower than in traditional listed equity markets.
In sovereign debt and, to an even greater degree, corporate bond markets, liquidity hinges in large part on whether specialised dealers («market - makers») respond to temporary imbalances in supply and demand by stepping in as buyers (or sellers) against trades sought by other market participants.
They note, for example, that the size of large trades of US investment grade corporate bonds (so - called «block trades») has continuously declined in recent years.6 Furthermore, in most corporate bond markets, trading appears to be highly concentrated in just a few liquid issues, and concentration appears to be increasing in some market segments.
For one, the share of securities whose 12 - month trading volume equals at least half of the number of securities outstanding has fallen from 20 % to less than 5 % in the US corporate bond market since 2007 (CGFS (2014)-RRB-.
The new - issue bond market is expanding (Shin (2013)-RRB- and assets under the management of investment funds that promise daily liquidity are growing rapidly - as suggested by the increasing presence of exchange - traded funds in corporate bond markets in recent years (see also Box 2).
Yet, if corporate bonds have indeed become less liquid, it is not because trading volumes are lower.
However, turnover ratios, which measure trading volumes divided by outstanding amounts, broadly gauge differences across countries in both sovereign and corporate bond markets (Graph 2, left - hand panel).
With bond markets increasingly pricing in higher odds that the Federal Reserve will boost interest rates, it is not surprising that investors are departing corporate bond exchange - traded funds this quarter.
While the low level of credit spreads in Australia (and in other major bond markets) largely reflects favourable trading conditions for corporates, there is evidence that the search for yield has been a contributing factor.
Its $ 46 billion corporate bond issue in January 2016 was hailed as the largest on record; large bond issues were easier to trade than small ones as banks shied from debt capital market in response to capital requirements.
There is no electronic trading mandate for corporate bonds of course, but a proliferation of new bond trading platforms and initiatives is upon us akin to...
Corporate bonds are issued by companies and are either publicly traded or private.
Creditex offers a leading electronic venue for trading credit default swaps (CDS) and corporate bonds.
Bonds News, a quarterly subscription - only publication, aims to minimize the risks and maximize the profits associated with bond trading by providing the latest news, insider insights, technological advancements concerning bonds of all types, from corporate to governBonds News, a quarterly subscription - only publication, aims to minimize the risks and maximize the profits associated with bond trading by providing the latest news, insider insights, technological advancements concerning bonds of all types, from corporate to governbonds of all types, from corporate to government.
There are many more applications of blockchain currently being adopted by banks — Bank of America has filed numerous patents relating to using the technology for conducting and settling transactions; Deutsche Bank is trialling a corporate - bond platform that uses smart contracts to issue and redeem bonds; and DBS and Standard Chartered Banks are working on a trade - finance collaboration with Ripple to better track invoices and avoid invoice duplication.
In 2015 Creditex expanded into serving the bond market, through the launch of ICE Credit Trade, a leading electronic platform for trading investment grade and high yield corporate bonds.
The average yield on the iShares iBoxx InvesTop High Yield Corporate Bond (AMEX: HYG) exchange - traded fund has dropped around 10 % in that period.
In order to enhance these effects the Bank of Japan also purchased risk assets such as commercial paper, corporate bonds, exchange - traded funds, and real estate investment trusts.
CORPORATE FINANCING NEWS High - yield corporate bond issuance and trading have slowed considerably in the face of uncertainty about Federal Reserve monetary policy, at a time when chairman Ben Bernanke is about to hand over the reins to Janet YCORPORATE FINANCING NEWS High - yield corporate bond issuance and trading have slowed considerably in the face of uncertainty about Federal Reserve monetary policy, at a time when chairman Ben Bernanke is about to hand over the reins to Janet Ycorporate bond issuance and trading have slowed considerably in the face of uncertainty about Federal Reserve monetary policy, at a time when chairman Ben Bernanke is about to hand over the reins to Janet Yellen,...
The average bid - offer spread for trading an investment grade corporate bond, for example, is 50 basis points.
Using total credit premiums, trading volumes and characteristics for a broad sample of U.S. investment grade and high yield corporate bonds during January 1994 through December 2015, he finds that: Keep Reading
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