Search
After months of plummeting yields, 10-year government bonds experienced a sell-off in August. Leading the pack was the UK’s 10-year Gilt yield, which closed the month 22 basis points higher at 0.31%. The country’s economy entered its deepest recession on record, as gross domestic product plunged by 20.4% in the second quarter of 2020, the steepest fall in Europe. At its August 6 meeting, the Bank of England voted unanimously to leave the key bank rate at a record low of 0.1% and the size of its asset purchases at GBP 745 billion.
The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.
Collaborative, resilient, innovative, robust, efficient. These are just some of the attributes that have earned Tradeweb and its people a host of awards this year. We have been fortunate to receive recognition for our marketplaces, tools and employees during a period of immense volatility and ongoing uncertainty, but also of accelerated digitisation.
The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.
Remember when the municipal bond market used to be the quiet corner of institutional finance where the biggest news was that the cumulative default rate actually decreased from 0.10% to 0.08% in 2019? What a difference a year makes.
In 1996, the internet had yet to make significant inroads into financial markets. Trading floors were noisy, energetic places, where traders yelled into phones—and at each other—as they bought and sold securities. Lee Olesky, then at Credit Suisse First Boston, and his colleague Jim Toffey, recognized the potential of this new technology to transform the piece of the financial sector they knew best: the fixed-income market, where bonds and other debt securities are traded.
Ten-year government bond yields rose across the board in August, with those for Greece leading the pack.
The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.
Emerging market debt and derivatives have always been intriguing asset classes for those looking to diversify their exposure to developed economies, but they’ve also come with a unique set of challenges.
Find out more about the selloff in global government bond markets in February 2023, with central banks continuing monetary tightening programs.