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The Ladies Professional Golf Association (LPGA) recently announced that Tradeweb has been named as an Official Brand Ambassador sponsor of the LPGA Cognizant Founders Cup, a world-renowned women’s professional golf tournament designed as a tribute to the founders of the LPGA. The event will take place from October 4-10th and will be located at Mountain Ridge Country Club in New Jersey. The 2021 Cognizant Founders cup offers a $3 million purse, making it the largest of any LPGA Tour event outside of the majors and the CME Group Tour Championship.

September brought another across-the-board increase in 10-year government bond yields amid a flurry of central bank rate decisions. Leading the way, the mid-yield on the UK 10-year Gilt rose by 31.5 basis points to close the month at 1.03%, its highest level since May 2019. At its meeting ending on September 22, the Bank of England’s Monetary Policy Committee (MPC) voted unanimously to maintain rates at 0.1%. However, the central bank’s governor, Andrew Bailey, said a few days later that MPC members saw a growing case for a Bank Rate increase.

You know the world is changing when the repo market suddenly gets its own daily feature on Reddit. That’s exactly what happened last year when a confluence of once-in-a-lifetime events, including the pandemic, massive federal stimulus and record low interest rates, helped drive the daily balance of the Fed’s reverse repo facility up over the $1.8 trillion mark.

Global government bond markets experienced a sell-off in January, with yields on 10-year benchmark notes logging double-digit increases across the board.

Global bond markets experienced another sell-off in March amid a surge in COVID-19 cases, energy market strains, soaring inflation and uncertainty over the Russia-Ukraine war. In Europe, the negative yielding government bond universe based on amount outstanding shrank from 36.3% to 22.3% over the month, a far cry from the 59.5% figure calculated by Tradeweb a year ago.

Credit trading has been transformed by successive waves of electronification, first from voice to digital, then to fully automated electronic trading.

Tradeweb Government Bond Update – November 2022

Trading activity on the Tradeweb European ETF marketplace reached EUR 47.8 billion in December, while the proportion of transactions processed via Tradeweb’s Automated Intelligent Execution (AiEX) tool was 80%.

Trading activity on the Tradeweb European ETF marketplace reached EUR 57.9 billion in January, while the proportion of transactions processed via Tradeweb’s Automated Intelligent Execution (AiEX) tool was 82%.

To the long list of stressful milestones in the lives of fixed income market participants, we can now add March of 2023 alongside March of 2008 and October of 1987 as the true tests of our intestinal fortitude.