BondDesk Market Transparency Report: Corporate Yields Rose During Chaotic November, But Investors Weren't Buying

MILL VALLEY, Calif., Dec. 9, 2010 /PRNewswire/ -- BondDesk, one of the nation's largest bond trading venues and a leading fixed income technology firm, released its latest Market Transparency Report, finding that even though corporate yields rose during a chaotic November, investors weren't buying many bonds.

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In fact, the buy/sell ratio (among the top 100 most actively traded issuers) was 1.0 exactly, which is the low point for the year. In June the ratio peaked at 1.7, and it has been falling gradually every month since then.

"November was an unusually action-packed month in the credit markets, including the QE2 announcement, the Irish debt crisis, and problems in the muni market," said Pete Campfield, President of BondDesk Trading LLC. "Eventually it added up to higher yields in the retail corporate market, which is good news for investors looking to put money to work in fixed income. But the month started with yields at the lowest point of the year so buying activity was measured while selling activity was unusually strong."

The monthly report, available at www.bonddeskgroup.com, provides proprietary analysis and data on a variety of key market trends. The report is unique because it focuses exclusively on corporate bond trading activity among retail investors. It is designed to help financial advisors and sophisticated retail investors make better decisions about individual corporate bonds. Highlights include:

• Market Recap. A summary of the previous month's trading activity in the retail bond market as well as the economic events that impacted demand.
• Yield/Spread History. A running history of median yields & spreads, providing a historical context for the current rate environment.
• Yield Matrix. A table containing median yields for each credit rating and maturity, broken out by financials, industrials and utilities.  
• Volume Trends. Tables listing the most actively traded corporate issuers, as well as the highest and lowest buy/sell ratios (indicating market momentum).

For more information about BondDesk or to speak with Pete Campfield, please contact Carol Graumann at 973-732-3521 or [email protected].

About BondDesk

BondDesk Group LLC is a financial technology firm, providing enterprise-wide fixed income solutions to many of the top broker-dealers in North America. The BondDesk Alternative Trading System (ATS), run by BondDesk Trading LLC, connects broker-dealers through a centralized marketplace by offering a diverse pool of liquidity for odd-lot fixed income securities in multiple asset classes. The BondDesk ATS executes over 20,000 transactions per day by providing 2,000 broker-dealers access to 35,000 live and executable offerings from over 100 premier fixed income dealers. In addition, BondDesk Group is a leading provider of innovative fixed income wealth management solutions, advisor workstations and fixed income analytical tools and applications.

To learn more about BondDesk, visit www.bonddeskgroup.com.

SOURCE BondDesk