Credit Trading Volume Stayed Low Amid Volatility, Says Greenwich

Credit market volatility in late November failed to spark a rise in trading volumes, according to a report from research firm Coalition Greenwich.

• Nov. average daily volume was down 9% from a year earlier, and was below the 2021 average
  • Year-to-date average daily volume is $34.4 billion vs. $32 billion in Nov.
• “Market uncertainty kept many traders on the sidelines, with continued strong new issuance allowing investors to get their fill of bonds without tapping the secondary market,” report author Kevin McPartland wrote Monday
• Electronic trading continues to make up larger share of total volume
  • Nov. e-trading accounts for 41% ...