David Krein

Head of Research

VIDEO: Liquidity Concentration in Corporate Bond Markets

In this video, I explore the impact of strong corporate bond issuance over the past several years, which has led to a dramatic increase in the number of CUSIPS available to investors. As a result the number of CUSIPS actively traded each month has increased by about 50% in the last 5 years. This has led to a decline in the concentration of trading activity.

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David Krein

Head of Research

VIDEO: 2015 Turnover Trends

Bond market liquidity was a hot topic throughout 2015, and turnover - defined as the total principal amount traded, as a percentage of the amount outstanding for the securities that traded - was a key focus for investors.

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David Krein

Head of Research

High-Grade Turnover: A Closer Look at That All-Time Low

US high grade turnover is at an all-time low. That’s what the headlines tell us, and Fig. 1 (below and on our Market Insights page) certainly supports the story. But a closer look shows that while, on average, market turnover is down, turnover for the most actively traded bonds remains well within the historical range.

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David Krein

Head of Research

New Sector and Specialty Bid-Ask Spread Indexes (BASI)™ reveal different trading costs for different market segments

With the ongoing market-wide focus on liquidity, we’re launching 8 new BASI indexes today. Collectively called the Sector BASI and Specialty BASI, they’re designed to help investors more thoroughly understand their potential trading opportunities and costs.

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Technology Transforming a Vast Corporate Bond Market

Technology Transforming a Vast Corporate Bond Market    
"84% of Investment-Grade investors utilize electronic trading, accounting for 20% of overall volume" and MarketAxess is leading the pack in market share and penetration according to Greenwich Associates research. Download the full report

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This information is provided "AS IS." Although the data presented has been obtained or compiled from sources MarketAxess® believes to be reliable, MarketAxess® cannot and does not warrant, either expressly or impliedly, the accuracy, validity, timeliness or completeness of this information, or its suitability for any particular purpose.