Credit Roundtable Corporate Bond Trading Survey

Results Can Be Found HERE.

(Open 2/16/2021 - 2/19/2021)

The Credit Roundtable has produced the following brief survey and is requesting your comments around corporate bond trading conventions in the secondary market. We believe conventions should be made with investor consultation and broad market feedback.
 
The 20-year US Treasury market has grown to nearly $655 billion outstanding since the Treasury relaunched this maturity point. Many believe the 20-year US Treasury has no material liquidity issues at this stage relative to the 30-year point, from either a market depth or repo perspective. Further growth of Treasury issuance in the 20-year segment and other points is likely given the significant fiscal deficits that are currently being incurred.

There are proposals that the High Grade market should begin trading 20-year secondary bonds versus the 20-year US Treasury. The primary market has already moved forward with this protocol. Additionally, increased liquidity of the 7-year US Treasury prompted the last question of the survey which relates to trading conventions of off the run 10-year corporate securities.

The survey link can be found here: CRT Corporate Bond Trading Survey (CLOSED)

This survey will be open until Friday, February 19, 2021.