In a reversal of recent trends, growth in trading volumes in the US high-grade and junk bond markets outpaced the increase in new debt during the first half of this year, according to a JP Morgan report. New technology has investors and dealers changing their trading patterns, and a greater use of liquid credit products among asset managers has also bolstered secondary volumes. Trading volumes in US high-grade and junk bonds in the secondary market increased 17% and 4%, respectively, versus the same period in 2018.
展开▼