Market Volume: Observed trades in EUR and GBP investment grade corporate bonds

ICE Data Services incorporates a combination of publicly available data sets from trade repositories as well as proprietary and non-public sources of market colour and transactional data across global markets, along with evaluated pricing information and reference data to support statistical calibrations.

The market volume evolution represents the changes in the monthly aggregate volumes of all observed trades in securities in the relevant group, based to 100 as at September 2015. EUR Financials include approximately 4000 securities, GBP Financials 1500, EUR Non-Financials 3000, and GBP Non-Financials 1000.

ICMA intends to publish and monitor the market volume of IG Financials and Non-Financials on a monthly basis upon necessary permission of ICE Data Services.
 
    
Source: ICE Data Services

Top-traded corporate bonds in January 2021 (by volume)

ICE Data Services sources publicly available data sets from trade repositories and procures information from non-public sources of market colour and transactional data across global markets. Additionally, market colour, bid lists, dealer runs, and other transactional data is received from their global network of clients on the buy-side and sell-side.

While the rankings are based on traded volumes, the right-hand column (of below tables) indicates the relative volume of each bond expressed as a percentage of the most actively traded bond’s volume (100%).

EUR Financials
Rank Issuer Coupon and Maturity ISIN Relative volume
1 LANDWIRT RENTENBK 0% GTD SNR 22/09/27 XS2233120554 100%
2 KREDITANST FUR WIE 0% GTD SNR 10/01/31 DE000A3H2ZF6 73%
3 KREDITANST FUR WIE 0% SNR EMTN 15/09/28 XS2209794408 70%
4 KREDITANST FUR WIE 0.01% SNR 31/03/25 DE000A254PS3 44%
5 LANDWIRT RENTENBK 0% GTD SNR 27/11/29 XS2084429963 39%
6 KREDITANST FUR WIE 0.625% GTD SNR 04/07/22 DE000A11QTG5 38%
7 CIE FIN FONCIE-CFF 0.05% SNR SEC 16/04/24 FR0013507365 36%
8 KREDITANST FUR WIE 0% GTD SNR 30/06/23 DE000A289RC9 34%
9 BK OF AMERICA CORP FR SNR EMTN 02/22 XS1560862580 27%
10 KREDITANST FUR WIE 0.625% GTD SNR 07/01/28 DE000A2GSNR0 26%
Source: ICE Data Services

GBP Financials
Rank Issuer Coupon and Maturity ISIN Relative volume
1 NED WATERSCHAPSBK 0.25% SNR 15/12/25 XS2204965540 100%
2 ELVET MORTGAGES FRN M/BKD 03/65 XS2176220429 62%
3 AA BOND CO LTD 5.5%-VAR 31/07/43 XS1211308231 54%
4 METRO LIFE GBL FD1 0.625% SNR 08/12/27 XS2281152822 40%
5 CSE D'AMORT DETTE 0.125% SNR 15/12/25 FR0014001OH8 37%
6 LLOYDS BANKING GP 2.707%-FRN SUB 03/12/35 XS2265524640 34%
7 HSBC HOLDINGS PLC 6% SUB 29/03/40 XS0498768315 28%
8 STHN PAC FNCG 5-B FRN M/BKD 06/43 XS0221839318 24%
9 LLOYDS BANKING GP 1.875%-FRN SNR 15/01/26 XS2100771547 24%
10 GREAT PLACES HOUSI 4.75% SNR SEC 22/10/42 XS0842152281 22%
Source: ICE Data Services

EUR Non-Financials
Rank Issuer Coupon and Maturity ISIN Relative volume
1 STELLANTIS N V 4.5% SNR EMTN 07/07/28 XS2199351375 100%
2 STELLANTIS N V 3.875% SNR 05/01/26 XS2178833773 82%
3 STELLANTIS N V 3.375% SNR 07/07/23 XS2178832379 55%
4 FORNO DASOLO SP FRN GTD SNR SEC 04/27 XS2279939875 55%
5 SOCIETE DU GRAND P 0% SNR EMTN 25/11/30 FR00140005B8 51%
6 SNCF MOBILITES 0.625% SNR 17/04/30 FR0013507647 46%
7 BAYER AG 0.625% SNR 12/07/31 XS2281343413 46%
8 SCHLUMBERGER FIN.B 2% GTD SNR 06/05/32 XS2166755509 42%
9 FIAT CHRY FIN EUR 4.75% GTD SNR 15/07/22 XS1088515207 38%
10 UNEDIC 0.25% GTD SNR 25/11/29 FR0013518487 35%
Source: ICE Data Services

GBP Non-Financials
Rank Issuer Coupon and Maturity ISIN Relative volume
1 Ontario (Province Of) 0.5% SNR PIDI NTS 15/12/23 XS2182119508 100%
2 REASSURE GROUP PLC 5.867% LT2 13/06/29 XS2012046665 52%
3 TALK TALK TELECOM 3.875% GTD SNR 20/02/25 XS2121167345 51%
4 IWG GROUP HOLDINGS 0.5% CNV GTD 09/12/27 XS2270378149 35%
5 PHOENIX GP HDGS PL 4.125% T3 EMTN 20/07/22 XS1551285007 30%
6 ONTARIO(PROV OF) 0.25% SNR 15/12/26 XS2283226798 28%
7 AVIVA 4%-FRN LT2 03/06/55 XS2181348405 28%
8 WHITBREAD 3.375% GTD SNR 16/10/25 XS1235295539 27%
9 ECONOMIC MASTER FRN M/BKD 06/72 XS2206912920 27%
10 SHELL INTL.FIN.BV 1.75% GTD SNR 10/09/52 XS2228387465 26%
Source: ICE Data Services

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Historical data of the most actively traded corporate bonds on a monthly basis can be found below:

December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020

January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018




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