U.S. Fixed Income Market: Industry Trends & Drivers 2014

A tempest has been brewing over the past seven years. The financial crisis, regulatory reform, accommodative monetary policies, the consolidation of assets under management, the proliferation of electronic trading, incredible credit fundamentals, slow economic growth in the U.S., no economic growth in Europe, declining bid/ask spreads, and the absence (and intermittent return) of volatility have been gradually converging to form a massive storm. Consequently, the confluence of these catalysts has created an environment unlike anything the current generation has endured.

The question on everyone’s mind is whether the storm will pass, leaving the markets unscathed, or will it linger and forever change the landscape. In this TABB Group report, U.S. Fixed Income Market: Industry Trends & Drivers 2014, TABB Group looks at the past, and the trends that have been developing throughout the fixed income ecosystem, illustrating the changes underway in terms of the structural components of the market and dive into some of the idiosyncrasies present in the rates, credit, and swaps markets to gain a better understanding of what might await market participants once the winds of change subside and the storm passes.