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%
Source: ICE Data Services

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%
Source: ICE Data Services

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%
Source: ICE Data Services

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%
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:

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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