Total cash bond trading volume (excluding short-term instruments) increased by more than 30% in 2002 to $10 trillion, while total fixed-income assets under management rose more than 50% to $9.2 trillion, according to a spring 2002 study of the U.S. institutional bond market by Greenwich Associates. The survey reported continued market concentration, with the largest 10% of investors generating 80% of the trading volume. As a proportion of the total, volume increased in investment-grade credit bonds (17% to 20%) and declined in government bonds (30% to 26%), while volume in short-term instruments was essentially unchanged at $14 trillion. Fixed-income investors continue to express a preference for specialist coverage; in general, the less liquid the product, the greater the demand for specialist sales coverage. More than 70% of investors in high-yield, distressed, emerging market, and syndicated loan products prefer specialist coverage, while fewer than 35% of investors in treasuries, agencies, and short-term products do so.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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