Monthly perspectives on corporate bond market structure, pricing transparency, and fixed income data — by BondCliQ CEO Chris White. Questions or responses? chris@bondcliq.com
Traditionally, equity markets and corporate bond markets have behaved like distant cousins, related, but not linked in a meaningful way. The lack of a connection has allowed equity market investors to be blissfully ignorant regarding corporate bond markets. Thanks to the abundant use of debt financing by AI Hyperscalers, those days are over.
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An examination of the structural gaps in corporate bond market data and what's being done to fill them.
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How a single data field can transform the quality and usefulness of corporate bond pricing data.
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A framework for evaluating and benchmarking the quality of corporate bond pricing data.
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Exploring the evolution of corporate bond data from static storage to real-time, actionable intelligence.
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BondCliQ's formal comment letter to the SEC on proposed changes to Rule 17a-7 affecting corporate bond market transparency.
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Comparing the structural differences between electronic trading platforms and what they mean for price discovery.
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The case for regulatory-driven price transparency in corporate bond markets and its impact on market structure.
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An analysis of the unprecedented market events of March 2020 and what they revealed about corporate bond market structure.
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What does the data tell us about corporate bond market behavior during the early COVID-19 market dislocation?
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Why buy-side institutions need to reconsider their approach to corporate bond pricing data in 2020 and beyond.
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Making the case for executable institutional pricing in US corporate bond markets and the path to get there.
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A vision for what a more transparent, efficient corporate bond market looks like — and how to get there.
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BondCliQ's comment letter to FINRA on the TRACE block trading delay pilot and its implications for market transparency.
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A review of public comment letters on corporate bond market structure reforms and what they reveal about industry sentiment.
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Examining the role of behavioral biases in corporate bond market structure and how data transparency can counter them.
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Why the corporate bond market resists transparency — and why that resistance is costing participants.
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A post-mortem on Goldman Sachs' GSessions initiative and lessons for the future of corporate bond electronic trading.
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Is buy-side liquidity in corporate bonds as elusive as Bigfoot? An examination of the data.
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The structural debate in corporate bond markets: should the industry consolidate around a single venue or collaborate across many?
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