Market Transparency Reports

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Tradeweb Direct: Retail and Middle Markets
Transparency Reports

Monthly Guide to the U.S. Retail Fixed Income Markets

Tradeweb Direct regularly publishes our own market commentary and analysis, including our monthly Market Transparency Report. The data and analysis contained in this monthly report are intended to provide transparency into the dynamics of the U.S. Fixed Income markets for retail investors. The report presents the important trends in the market, including trade volumes, most active issuers, yield/spread movements and buy/sell ratios. Retail trades are defined as odd-lot transactions under 100 bonds (i.e. less than $100,000 par value). The retail market is much smaller than the institutional market on a par value basis, but it accounts for more than 2/3 of the trades that occur in the marketplace.

January Market Transparency Report

Agency: Agency median yield was 3bps higher, daily trading volume decreased -4.6%. Buy/Sell Ratio was -0.1 lower.

CD: Median CD yield was -10bps lower, trading volume decreased -5.5%. Buy/Sell Ratio was 0.7 higher.

Corporates: Corporate median yield was 21bps higher; daily trading volume increased 3.4%. Buy/Sell Ratio was 0.1 higher.

Municipal: Median yield was 11bps higher; daily trade volume decreased -2.6%. Buy/Sell Ratio was flat.

Treasury: Median yield was -2bps lower; daily trade volume decreased -0.5%. Buy/Sell ratio was -0.1 lower.

PDF Download

Tradeweb Direct Market Transparency Report - January 2025.pdf