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
Source: ICE Data Services
Top-traded corporate bonds in August 2020 (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 | KREDITANST FUR WIE | 0% GTD SNR 15/09/2028 | XS2209794408 | 100% |
| 2 | KREDITANST FUR WIE | 0% GTD SNR 04/07/2024 | DE000A2TSTS8 | 93% |
| 3 | KREDITANST FUR WIE | 0.375% GTD SNR 15/03/23 | DE000A168Y22 | 83% |
| 4 | KREDITANST FUR WIE | 0.25% GTD SNR 15/09/25 | DE000A2LQH10 | 82% |
| 5 | ING GROEP N.V. | 1%-FRN LT2 13/11/30 | XS2079079799 | 81% |
| 6 | AUST & NZ BANK GRP | 1.125%-FRN LT2 21/11/29 | XS2082818951 | 66% |
| 7 | STICHTING AK RABOB | FRN T1 PERP EUR25 'REGS' | XS1002121454 | 62% |
| 8 | KREDITANST FUR WIE | 0.01% SNR 31/03/25 | DE000A254PS3 | 52% |
| 9 | CITIGROUP INC | 1.25%-FRN SNR 06/07/26 | XS2167003685 | 48% |
| 10 | COOPERATIEVE RABOB | 0.75% GTD SNR 21/06/39 | XS2014373851 | 48% |
GBP Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | Royal Bank of Canada | FRN UNSUB CVD BDS 30/01/25 | XS2111228974 | 100% |
| 2 | LLOYDS BANK PLC | FRN GTD SNR SEC 02/23 | XS2112332494 | 88% |
| 3 | DEUTSCHE BANK AG | 2.625% SNR NPF 16/12/24 | XS2102507600 | 60% |
| 4 | LANDWIRT RENTENBK | 1.375% GTD SNR 08/09/25 | XS1872363558 | 56% |
| 5 | SANTANDER UK PLC | FRN GTD SNR SEC 02/27 | XS2115145406 | 54% |
| 6 | NATWEST GROUP PLC | 3.622%-FRN LT2 14/08/30 | XS2172960481 | 53% |
| 7 | Royal Bank of Canada | FRN SNR SEC CVD BDS 03/10/24 | XS2060621005 | 48% |
| 8 | KREDITANST FUR WIE | 1.25% SNR 29/12/23 | XS1850250710 | 44% |
| 9 | UK MUNICIPAL BONDS | FRN GTD SNR 03/25 | XS2125007554 | 44% |
| 10 | KREDITANST FUR WIE | 0.875% SNR 18/07/24 | XS2100726244 | 40% |
EUR Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | HAMBURG FREIE HANS | 0.01% SNR 30/06/28 | DE000A2LQPD9 | 100% |
| 2 | TELEFONICA EMISION | 1.201% GTD SNR 21/08/27 | XS2177441990 | 63% |
| 3 | TERNA RETE ELETTR | 0.75% SNR EMTN 24/07/32 | XS2209023402 | 41% |
| 4 | UNEDIC | 0.25% GTD SNR 25/11/29 | FR0013518487 | 40% |
| 5 | BAYER AG | 1.375% SNR 06/07/32 | XS2199266698 | 38% |
| 6 | BAYER AG | 1.125% SNR 06/01/30 | XS2199266268 | 36% |
| 7 | TELEFONICA EMISION | 1.807% GTD SNR 21/05/32 | XS2177442295 | 35% |
| 8 | SYNGENTA FINANC.NV | 3.375% GTD SNR 16/04/26 | XS2154325489 | 35% |
| 9 | UNEDIC | 0.25% GTD SNR 16/07/35 | FR0013524410 | 33% |
| 10 | HOLDING D'INFRASTR | 2.5% SNR EMTN 04/05/27 | FR0013510823 | 30% |
GBP Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | STONEGATE PUB CO | 8.25% GTD 31/07/25 | XS2210014788 | 100% |
| 2 | LCR FINANCE | 4.5% GTD SNR 07/12/28 | XS0094804126 | 44% |
| 3 | NETWORK RAIL INFRA | 4.375% SNR SEC 09/12/30 | XS0236698972 | 41% |
| 4 | AVIVA | 4%-FRN LT2 03/06/55 | XS2181348405 | 36% |
| 5 | GARFUNKELUX HOLDC3 | 8.5% GTD 01/11/22 | XS1308300059 | 33% |
| 6 | BP CAPITAL MARKETS | 2.274% GTD SNR 03/07/26 | XS1851278421 | 30% |
| 7 | AT&T INC | 4.375% 14/09/2029 DUAL CCY | XS1374392717 | 28% |
| 8 | Ontario (Province Of) | 0.5% SNR PIDI NTS 15/12/23 | XS2182119508 | 27% |
| 9 | IRON MOUNTAIN EU | 3.875% GTD SNR 15/11/25 | XS1713495759 | 26% |
| 10 | ALBERTA (PROV OF) | 1.5% SNR MTN 15/12/22 | XS1941905736 | 25% |
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Historical data of the most actively traded corporate bonds on a monthly basis can be found below:
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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