Page 3 - Jonathan Rick News Today

Traders Magazine By Jonathan Rick, Director of Research, Tradeweb The European Union’s stepped-up role as a central funding source for member states as they recover from the coronavirus pandemic positions it in a unique spot among supranational borrowers. Issuance of Support to mitigate Unemployment Risks in an Emergency (SURE) bonds over the past year and a further €800bn of potential new debt have transformed the borrower into a market bellwether, with liquidity and other market metric...

Traders Magazine By Jonathan Rick, Director of Research, Tradeweb In our ongoing look at debt issuance and its effect on secondary market dynamics, we focus this month on U.S. corporate credit and how record issuance is opening opportunities for sophisticated traders to create liquidity in less-liquid bonds by using the portfolio trading protocol. In portfolio trading, multiple bonds are bundled into a single all-or-nothing price to achieve a more diverse trade profile and efficient exe...