BondWave QMarks Quarterly Dashboards Q2 2022
07/25/2022 Bond Dealers of America Fixed Income Insights - Summer 2022
“With multiple Fed Funds rate hikes during the quarter in response to inflation, trading volumes soared in corporate and municipal bonds in the second quarter. However, the extra volume did not mean more liquidity, as trading costs also jumped. Municipal bonds provide the extreme example. Volumes doubled from the prior year, but the cost to trade as measured by the bid/ask spread increased nearly 15% year-over-year.” – Paul Daley, Managing Director. open website