BondDesk Market Transparency Report: Corporate Yields March To Their Own Drummer

MILL VALLEY, Calif., Nov. 8, 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 October was a month of anticipation on Wall Street as the markets tried to estimate the impact of the November elections and the Federal Reserve's plans for a second round of quantitative easing.

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Corporate yields fell during the second half of October in spite of rising Treasury yields during that same period, according to the latest report. Historically, corporate yields have risen in line with an upward trend in Treasury yields.

"This is BondDesk's fourth month of providing investors and advisors with accessible data about retail bond market trends. Particularly fascinating in October is our finding that while Treasury yields increased toward the end of the month, corporate yields plummeted – an unusual state of affairs in the market," said Pete Campfield, President of BondDesk Trading LLC. "Tightening corporate spreads suggests a potential shift in market sentiment, with investors accepting less compensation for corporate debt than in previous periods."

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 dating back to 2006, 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