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Telling it as it is

The fixed income markets have attracted nowhere near the amount of criticism that the equity markets have over the impartiality of sell-side research. Nonetheless, credit investors complain that some investment banks are far more sell-side driven in their research than others. Hardeep Dhillon reports.

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It is not only in the equity markets that the impartiality of sell-side research has been under scrutiny. In the fixed income markets, too, the conflict of interest between selling the bond issues that banks have on their books and what they say in their research pieces has led investors to keep a watchful eye on the quality of sell-side credit research. Nowhere near the same amount of criticism

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