Investment Grade

As liquidity drained from the market in June, it was the tried and tested liquidity providers that investors relied on, ensuring that Royal Bank of Scotland topped the sterling investment-grade bond survey once again.

“By the end of June it was noticeable that investors wereturning to a core group of liquidity providers for execution, asincreased market volatility translated to poorer liquidity for all,”says Paul Hawkins, sterling trader at the bank in London.

The volatility in June followed a pat