Bonds
Dealers leave buy side guessing on Mifid trade reporting
Clients face tougher reporting rules if dealers don’t become systematic internalisers
Bond funds use derivatives to buy time for bargain hunting
Buy side turning to ETFs and CDSs to meet exposure targets, switching them for bonds later on
AllianceBernstein credit aggregator tackles bond illiquidity
Internal liquidity aggregator helps cut credit trading costs
Looser capital won’t ease bond liquidity – SNB’s Rime
Central banker calls for counter-cyclical leverage ratio and scrutiny of funds’ role
Market risk technology product of the year (buy side): MSCI
LiquidityMetrics uses buy-side questionnaire to measure liquidity in data-scarce bond market
Trading technology product of the year (buy side): Algomi
Vendor signed up 150 buy-side clients in 2015, offering them a peek at previously hidden bond flows
Fixed-income trading platform of the year: UBS
Firm prices saw 'real end-users' flock to Bond Port in 2015
Banks clamp down on pre-hedging over manipulation fears
Front-running concerns could leave market more exposed to liquidity risk
The fast and the furious: HFT in US Treasury markets
Dealers: we're 'sitting ducks' in Treasury market overrun by HFTs
China allows central banks to trade forex derivatives onshore
Asian nation takes another step towards renminbi liberalisation
Markit unveils new CDX index rules
Up to 10 new names from under-represented sectors could be added to high-yield CDX index
China opens interbank bond market to foreign central banks
Move is among most significant towards renminbi liberalisation since QFII, says StanChart
Bond-CDS basis trades have 'stopped working', hedge funds say
Arbitrageurs have exited trades, leaving basis structurally higher
Central banks must be 'market-makers of last resort' – IMF
Monetary policy and regulation have amplified illiquidity, says IMF official
Forex algos revive US rates trading at UBS
Rejigged algo behind doubling in volumes - Swiss bank aims to repeat trick in swaps
A novel partial integrodifferential equation-based framework for pricing interest rate derivatives under jump-extended short-rate models
Interest rate derivatives under jump-extended short-rate models have commonly been valued using lattice methods. This paper proposes a much faster and more accurate valuation method based on partial integrodifferential equations.
In-depth introduction: Bonds
Interplay between rules could reshape demand for government debt
Highlights from Isda's 2015 AGM
Risk.net's coverage of Isda's 30th annual general meeting
Thai debt office looks to help develop derivative market
As Thai investors look for more liquidity in longer-dated derivatives, structural barriers remain
Risk Italia Rankings 2014
Roller-coaster year brings turmoil and opportunities
Creating the right climate for green structured products
World Bank launches the first environmental structured product
Bond repack capabilities – Simplicity, security, independence
Sponsored video: Societe Generale
Structured products demand in Taiwan hit by low volatility
Taiwan insurers shun structured products amid low volatility and rates