Transparency Reports
Monthly Guide to the U.S. Retail Fixed Income Markets
Tradeweb Direct regularly publishes our own market commentary and analysis, including our monthly Market Transparency Report. The data and analysis contained in this monthly report are intended to provide transparency into the dynamics of the U.S. Fixed Income markets for retail investors. The report presents the important trends in the market, including trade volumes, most active issuers, yield/spread movements and buy/sell ratios. Retail trades are defined as odd-lot transactions under 100 bonds (i.e. less than $100,000 par value). The retail market is much smaller than the institutional market on a par value basis, but it accounts for more than 2/3 of the trades that occur in the marketplace.
Please download the following documents to take advantage of our unique insights into the retail fixed income markets.
July Market Transparency Report
Agency: Agency median yield was -9bps lower, daily trading volume shifted -16.0%. Buy/Sell Ratio was 0.7 higher.
CD: Median CD yield increased 45bps, trading volume shifted 7.2%. Buy/Sell Ratio was -0.3 lower.
Corporates: Corporate median yield decreased -8bps; daily trading volume decreased by -14.1%. Buy/Sell Ratio was flat.
Municipal: Median yield decreased -16bps; daily trade volume decreased by -20.4%. Buy/Sell Ratio was flat.
Treasury: Median yield increased 37bps; daily trade volume increased 4.2%. Buy/Sell ratio was flat.