Investment grade

Bank of America has shot to the top of the 'own deals' category of Credit's dollar investment-grade secondary market liquidity survey. After placing fifth in the category in September, the bank has pulled just ahead of JPMorgan, which remains the best provider of investment-grade bond liquidity overall.

Bank of America's vast improvement is down to a deliberate shift in the strategy of its debt capital markets unit, explains Scott Lampard, head of DCM at Bank of America in London. "The bank has

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