Service Navigation

Fixed Income Highlights - April 2019 edition

Release date: 10 Apr 2019 | Eurex Exchange

Fixed Income Highlights - April 2019 edition

Market briefing

Lee Bartholomew, Head of Fixed Income Product R&D, Eurex


Facts & figures



News

Byron Baldwin, Deputy Global Head, Fixed Income Trading & Clearing Sales, examines Eurex's globally unique suite of Fixed Income Futures contracts. He points out how it gives the buy-side and the sell-side a very efficient leveraged liquid access to European Government Bond Market Beta and provides a number of opportunities to generate alpha vis-à-vis relative value strategies. 

In an interview with Börsen-Zeitung, Erik Müller, CEO Eurex Clearing, talks about the possibility of achieving the targeted market share of 25 percent until 2020 in the clearing of EUR-denominated interest rate derivatives.

On 1 February, Eurex officially launched its Partnership Program in Special Repo and General Collateral instruments to increase choice and efficiency for market participants. We talked to Frank Gast, Head of Funding and Financing Sales at Eurex, about how the program started and what he expects for 2019.

Clearing both sides of a EUR Asset Swap, such as cleared IRS and Eurex Bond futures, through Eurex Clearing provides buy and sell-side participants significant margin savings thanks to Eurex Clearing's innovative Prisma cross product and portfolio margining system. Additionally, the sell side also benefits from reduced default fund and regulatory capital requirements.

March, the first roll-month after the launch of our extended trading hours (THX) in the Asian time zones in December 2018, exceeded our expectations. High trading activity during the THX in the roll period demonstrates the strong confidence participants have in price-quality and market depth.

Bringing off-book market depth and flexibility in sync with fully electronic on-exchange efficiency while safeguarding best-execution requirements and regulatory compliance. That is the premise of Eurex EnLight. Eurex's Randolf Roth explains how Eurex has evolved its RFQ functionality to meet off-book market demand.


Events

Driven by declining liquidity in the unsecured inter-bank lending market, firms are facing a significant amount of planning in the lead up to 2021. Engrained in the very fabric of the financial service provider, there is a warranted degree of uncertainty and confusion enveloping the LIBOR transition. In mitigating the accompanying risk, it is critical boards plan ahead to confidently tackle this rapid transition. The prevailing question really is what will a post-Libor world look like? On 16 May, join this Risk.Net webinar to gain pivotal insight into the key challenges facing firms in the lead-up and how they are preparing for a post-Libor environment. Register now


Kind regards, 
Philip Simons

Eurex Exchange - The home of the euro yield curve


 

Fixed Income Highlights - November 2019 edition

Fixed Income Highlights - November 2019 edition

Facts & figures News Eurex Clearing clears first cross currency swap transactions Eurex Clearing, one of the leading CCPs globally and part ...

Fixed Income Highlights - October 2019 edition

Fixed Income Highlights - October 2019 edition

Market briefing Lee Bartholomew, Head of Fixed Income Product R&D, Eurex Facts & figures News Three questions: Lee Bartholomew ...

Fixed Income Highlights - September 2019 edition

Fixed Income Highlights - September 2019 edition

Market briefing First, I would like to say a big thank you to our members for their continued support in volatile markets. The French and ...

Fixed Income Highlights - August 2019 edition

Fixed Income Highlights - August 2019 edition

Market briefing Fixed income markets saw European government bonds continue to rally in July as Central Banks increasingly evaluated dovish ...

Fixed Income Highlights - July 2019 edition

Fixed Income Highlights - July 2019 edition

Market briefing Overall, European Fixed Income markets continue to face headwinds from geopolitical and global event risks, namely the ...

Fixed Income Highlights - June 2019 edition

Fixed Income Highlights - June 2019 edition

Market briefing Fixed Income markets across the globe have rallied hard over the past month as trade tensions between China and the US ...

Fixed Income Highlights - May 2019 edition

Fixed Income Highlights - May 2019 edition

Market briefing April saw a continuation of the global equity markets rally against a backdrop of positive economic data from the U.S. and ...

Fixed Income Highlights - April 2019 edition

Fixed Income Highlights - April 2019 edition

Market briefing Lee Bartholomew, Head of Fixed Income Product R&D, Eurex Facts & figures News Generating alpha – Eurex Fixed ...

Fixed Income Highlights - March 2019 edition

Fixed Income Highlights - March 2019 edition

Market briefing Equities have been the focal point for the start of the 2019, with many pockets of Fixed Income performing well. Q1/2018 saw a ...

Fixed Income Highlights - February 2019 edition

Fixed Income Highlights - February 2019 edition

Market briefing A cautious start is how I'd describe the start to 2019. European Fixed Income (FI) markets have been notably quiet with a ...