Transparency Reports

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Tradeweb Direct: Retail and Middle Markets
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.

October Market Transparency Report

Agency: Agency median yield was 49bps higher, daily trading volume shifted 13.9%. Buy/Sell Ratio was -0.4 lower.

CD: Median CD yield increased 40bps, trading volume shifted 28.6%. Buy/Sell Ratio was -1.9 lower.

Corporates: Corporate median yield increased 58bps; daily trading volume increased by 11.7%. Buy/Sell Ratio was -0.2 lower.

Municipal: Median yield increased 32bps; daily trade volume increased by 23.3%. Buy/Sell Ratio was -0.1 lower.

Treasury: Median yield increased 54bps; daily trade volume increased 26.2%. Buy/Sell ratio was flat.

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Tradeweb Direct Market Transparency Report - October 2022.pdf