{"id":25216,"date":"2025-09-16T16:12:07","date_gmt":"2025-09-16T16:12:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/25216\/"},"modified":"2025-09-16T16:12:07","modified_gmt":"2025-09-16T16:12:07","slug":"us-credit-trade-sizes-shrink-in-august-the-desk","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/25216\/","title":{"rendered":"US credit trade sizes shrink in August &#8211; The DESK"},"content":{"rendered":"<p>            Average daily trade sizes across all US credit fell 12% month-on-month (MoM) to US$363 thousand after strong July performances, but still grew by 3% year-on-year (YoY).<\/p>\n<p>Average daily notional volumes were down 2% YoY and 14% MoM to US$42 billion.<\/p>\n<p>Electronic trading in investment grade (IG) US credit was up three percentage points YoY for August, reaching 51% of the market. This also marks a one percentage point gain on July\u2019s data.<\/p>\n<p>In high yield (HY) credit, e-trading took 33% of the market \u2013 down one percentage point YoY, but a two percentage point increase since July.<\/p>\n<p>HY trading volumes are up 23% YoY, according to Coalition Greenwich analysis, a trend driven by increased portfolio trading.<\/p>\n<p>Also influencing corporate bond trading volumes are credit ETFs, the firm\u2019s report noted. A spike in activity for the instruments was recorded following Jerome Powell\u2019s Jackson Hole speech, it says, with volumes 43% higher than the full-month average.<\/p>\n<p><a href=\"https:\/\/www.fi-desk.com\/insights-analysis-makeup-removal-time-for-powell-at-jackson-hole\/\" target=\"_blank\" rel=\"noopener nofollow\">READ MORE: Makeup removal time for Powell at Jackson Hole<\/a><\/p>\n<p>However, interest in credit ETFs is waning, the report states, attributing a reduced ETF-to-cash ratio (now at 16%) to improved bond market liquidity and new exposure products being launched.<\/p>\n<p>\u00a9Markets Media Europe 2025<\/p>\n<p><a href=\"#top\">TOP OF PAGE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Average daily trade sizes across all US credit fell 12% month-on-month (MoM) to US$363 thousand after strong July&hellip;\n","protected":false},"author":2,"featured_media":25217,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[72,61,60,123],"class_list":{"0":"post-25216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-ie","10":"tag-ireland","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/25216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=25216"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/25216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/25217"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=25216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=25216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=25216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}