U.S. Fixed Income Market: Industry Trends & Drivers 2016

It has been nearly a decade since a combination of nuanced yet entangled market factors set the stage for the crippling financial crisis of 2008. In the years that followed, the US fixed income markets have in some ways convalesced. The US corporate bond and US Treasury market has since surged in size, breaking records in notional volume outstanding and issuance each year. Paradigm shifting regulation has been proposed and implemented within the derivatives markets and taken an opaque world and cast it into the light of transparent electronic execution. Despite this progress, the unprecedented growth of US debt markets coupled with a complete US regulatory overhaul has resulted in an instability of the traditional market- ushering in an age of innovation.

In this TABB Group report, U.S. Fixed Income Market: Industry Trends & Drivers 2016, the third in a series of annual reports tracking a growing list of critical factors threatening the OTC fixed income markets in a post-financial crisis world. TABB Group will continue to consider the past and the future to outline critical patterns that define the new OTC fixed income ecosystem of today.