The coming week sees the first major data release out of China since the coronavirus outbreak, with the February update of the government sponsored NBS manufacturing PMI. Other key data releases out of Asia-Pacific include GDP data for Hong Kong SAR and India, plus a number of Asian trade and industrial output updates, notably for Japan.
Negative yields are widespread in bond markets, especially in the government sector. Sub-zero yields contradict long-standing axioms of financial markets; namely, that rational investors seek positive expected returns as a prerequisite for risking capital and the time value of money. The iBoxx Global Government Positive Yield Index (iBoxx Positive Yield Index) is an alternative strategy that excludes negative yielding markets from the global government bond universe.
Evolving global OTC market structure and regulatory requirements sought to reduce systemic risk in the derivatives markets introduced by US CFTC, EMIR as well as Asian jurisdictions, are transforming how the industry operates. Complexity in managing financial systems, data and connectivity, as well as mandates to standardize trading, clearing and trade reporting are putting pressure on all market participants as compliance and technology costs continue to grow.
In January, Brendan Fitzpatrick participated in a panel discussion with industry experts at the NIRI Silicon Valley chapter event at the Four Seasons in Palo Alto. The panel, “Targeting – Finding Your Next Generation of Investors” opened with a discussion about why investor targeting seems to have recaptured everyone’s imagination with three main key takeaways.
With an investment strategy across asset classes and teams in multiple jurisdictions, Brandywine Global Investment Management needed timely reporting to meet strict deadlines and adhere to changing regulatory and trade repository requirements. To overcome these challenges the firm looked to our Integrated Reporting solution which streamlines the fragmented process allowing them to use one central, dedicated solution for their reporting needs.
The alliance unites IHS Markit’s multi asset TCA tool, independent bond pricing and liquidity data with Yieldbroker’s six trillion of annual AUD and NZD market transaction volume. Together, these services offer customers sophisticated trade execution analytics and a broad spectrum of data to deliver more transparency in fixed income markets.