CMBI Credit Commentary Fixed Income Daily Market Update 固定收益部市场日报 The Asset Asian G3 Bond Benchmark Review 2025 We hope you found our commentaries and ideas helpful. We seek to elevate our efforts and value-add further in the coming year. We highly appreciate your support to us in Sell-Side Analysts of the polls of "The Asset Asian G3 Bond Benchmark Review 2025". Thank you for your support! Trading desk comments 交易台市场观点 Yesterday, in KR, LGENSO 26-35s were another 2-5bps tighter. In Chinese IGs, BABA 31/MEI ...

US bond traders gutted through turbulence to somehow find themselves notching profits as the first half ends. Now, they’re setting up for more gains https://t.co/9H6pCaD8M4 ...

Core Insights - MarketAxess Holdings Inc. (MKTX) has launched the first fully electronic trading workflow for Indian Government Bonds (IGBs) accessible to Foreign Portfolio Investors (FPIs), enhancing global investor access to IGBs on a platform that already includes 29 local currency bond markets [1][9] - The connection to India's Negotiated Dealing System — Order Matching (NDS-OM) platform through the Clearing Corporation of India allows MKTX to streamline the entire trading process from pre-trade allocation to post-trade reporting [2][9] - The previous manual trading processes and regulatory challenges have been mitigated by this electronic execution, making it easier for global institutions to participate in the Indian debt market [3] Market Position and Growth - This strategic move strengthens MarketAxess' leadership in the emerging markets (EM) bond sector, with a reported 9% year-over-year growth in EM trading volume in Q1 2025, reaching an average daily volume (ADV) of $3.9 billion [4][9] - The inclusion of India in MKTX's offerings is expected to further enhance trading volume as global investors seek high-yield, stable emerging markets [5] Stock Performance - Over the past year, MKTX shares have increased by 14.3%, which is below the industry's growth of 28.6% [6]