Close Icon We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies.

Financial Intelligence is part of the Business Intelligence Division of Informa PLC

This is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Products:

Data, analysis & tools

Global Search Configuration

Search site Products & services
Close Icon

Search by Keyword

Sector
Needs

IGM Credit

Make the decisions that matter and drive your business forward with information and financial market intelligence you can rely on. IGM Credit gives you the edge you need to thrive in the competitive global credit markets.

You’ll get real-time news and analysis of primary bond markets around the world, 24 hours a day, five days a week. And it’s delivered by experienced market analysts, many of whom have worked in the markets themselves.

Request a free demo

News and updates
In-depth analysis
Customized emails

Know the credit markets inside out

IGm credit| Data analysis tools | Financial intelligence

Nothing matches the breadth and depth of IGM Credit coverage – our unrivalled expert global credit market data analysis and news gives you a complete picture of what’s happening in your market.

How it works

We cover the investment grade, high yield, structured finance and emerging markets sectors, giving you complete intelligence on the pricing evolution of a bond including:

Price talk
Guidance
Revisions and book building updates
Implied new issue concessions
Independent post-launch analysis

You’ll get content round the clock and around the globe, plus an easily searchable database of deal terms and conditions. And as an IGM Credit client, you’ll be able to design your own news filters so you get only the information you need, emailed direct to your inbox.

How IGM Credit can help

Credit professionals including debt capital markets teams, syndicate desks, research analysts and fund managers can save time with IGM Credit. We’ll fill you in on which deals are in the marketplace, which borrowers are looking to raise funds and what deals your competitors are working on.

What's included

News and updates

Coverage of deals from rumor to pricing.

In-depth analysis

All aspects of bond deals plus summary reports putting news into perspective.

Customized emails

Choose your sector, region and content type.

Searchable database

Search deal terms and conditions, download bespoke results to excel, or use our summary pipeline and priced tables.

EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Be Patient With Bullish Seasonals

By David Ader 04 May 2018

I get that despite all the data ahead of NFP, it was inevitable that a nuanced shift in the FOMC statement would garner more attention than was warranted. I refer to the notion that “Inflation on a 12-month basis is expected to run near the Committee’s symmetric 2 percent objective over the near term.” The takeaway seems to be that if inflation ran a bit over that, or under for that matter, it wouldn’t compel the Fed to respond with more or less of the projected trajectory of hikes. In other words, the market’s pricing is about right in the Fed’s view, though if it were to err I continue to think it should be to a third hike in December. Perhaps Fed rhetoric is keeping some powder dry in light of heightened volatility and eccentricity -- I refer to the markets as much as politics. Read more David Ader's latest musings...

Topic Industry News

View whitepaper
IGM Credit, IGM FX and Rates, WealthManagement.com

China Insight - Finalised New WMP rules more relaxed than expected

By Tim Cheung and Riki Zhang 02 May 2018

China Insight: After a multi-month consultation that started in Nov 2017, the Chinese financial regulators on 27 April announced their new rules on the CNY100tn wealth management products (WMPs) industry (see chart 1 and chart 2), effective immediately. The new rules cover most WMPs offered by most financial institutions (FIs), including banks, trusts, brokers and asset managers. Different from the past in which different sectors were regulated by different authorities, the whole industry now is put under the PBOC's supervision. Meanwhile, regulations are structured along the product types, rather than by sectors, with unified standards for each product to reduce regulatory arbitrage. Read more...

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

The 3% Solution?

By David Ader 27 Apr 2018

Less than two years ago, July 2016 to be precise, 10-yr Treasuries provided a parsimonious yield of 1.37%. At the same time, 2s enticed with 58 bp which at the very least was more attractive than the 14 bp you could have gotten in 2011. I put this out there for context against the brouhaha over 10s hitting 3% -- the first time they done that in over four years, as has been spotlighted by just about every reporter and related headline I’ve seen over the last several days. Is 3% more important than any other level or the 18-fold rise in 2s? Read more from David Ader's latest musings.

Topic Industry News

View whitepaper
IGM Credit, IGM FX and Rates

LEVERAGE LOANS FEATURE: Q2 Starts with Balancing act

By Giles Hamblett 26 Apr 2018

As the pipeline of jumbo buyout deals continue to grow, the first post-Easter will give a decent indication of what kind of a market those deals will be facing. The Easter break came as a welcome respite after a busy Q1 which ended with a number of deals faced increasing headwinds. One source candidly admitted that several pre-Easter deals had been difficult to get away, though that being more a factor of tight pricing as much as anything else. 'Some of the deals were tough to get covered at the pricing on offer, however if they had launched 25bp wider they would have been easy,' he said. Read More...

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Fed Speaks, Curve Flattens… not that Complicated

By David Ader 20 Apr 2018

I am not sure how complicated analysis over the bond market’s price action in the last couple of weeks needs to be; less, in this case, is more. The main theme surely is the flattening curve and all that implies. Behind that has to be ongoing Fedspeak that has only enhanced prospects of three more hikes this year. Odds for a rate higher than 2.25%, implying three hikes, are still under 50% but have risen from 32%-ish on April 10 to near 44% now. Read more from David Ader's latest musings.

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Trading Headlines, Adult Swim Versus Kiddie Pool

By David Ader 13 Apr 2018

THIS TIME IT REALLY IS DIFFERENT When I started out as a strategist more than 30 years ago, I had the arrogance of youth, a long-term investing horizon and less wealth to worry about. Those three elements worked well back then, but not so much now. Read more from David Ader's latest musings.

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

In the Words of the Great one, “I’ve got a big Mouth”

By David Ader 06 Apr 2018

Fans of “The Honeymooners” will fondly recall one of the iconic lines that Ralph Kramden would shout out when he recognized the error of his ways; “I’ve got a BIG mouth.” Would that we all could own up to such proclivities, which brings to mind the state of the markets and what’s behind it. There are, of course, many things and it would be unfair to cite a singular source. Still, in the current environment I think it’s fair to put the mike in front of Donald Trump (or take one away) who just in November said, “The reason our stock market is so successful is because of me. I’ve always been great with money, I’ve always been great with jobs, that’s what I do. And I’ve done it well, I’ve done it really well, much better than people understand and they understand I’ve done well.” Read more from David Ader's latest musings.

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Sniffing out the Next Recession

By David Ader 09 Mar 2018

I was trying to fit in something about stormy days for trade (not the least being the January deficit), Productivity (which was 0% in Q4), Home Sales (a weak spring says the NAR, WSJ Rising Rates Pose Test for Housing Market), the broad declines in the Citi Economic Surprise indices, and all those departures from the Trump Administration, but figured that would be too cheap a shot. Read more from David Ader's latest musings.

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Is There Anyone Left Who Likes Bonds?

By David Ader 02 Mar 2018

I don’t know but I heard Powell and I didn’t get much more of a hawkish sense than I had before; Dec Fed Fund futures only rose about 4 bp adding marginally odds of three hikes by the end of the year, and gave all that up by week’s end. In context, the odds of 2% or more in December are near 68.5%% from just shy of 64% a week earlier. Frankly, I think that pretty much prices three in for now and I’m not just trying to talk a bullish position. I just don’t see that it was a more determined hawkish lean than the market already had. I mean, 4 bp… really? Read more from David Ader's latest musings.

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

“The Bond Market's Doing Our Work For Us”

By David Ader 23 Feb 2018

I must admit I was surprised by the market’s reaction to the Fed Minutes and I was not alone (oh god, please don’t tell me he’s going to talk about Fed Fund futures!). Indeed, Fed Fund futures in the moments after the release and into the aftermath as stocks reversed and bonds sold off did essentially nothing. Of all things out there, surely Fed Fund futures would respond if the Minutes were somehow an alert to a more hawkish trajectory. That they didn’t is, I think, is the crux of the matter; why everything else sold off is another story about which I can only speculate, especially the belly to 30s steepening. There I’ll put it up to positions, but that’s cheap. Read more from David Ader's latest musings.

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

A Respite

By David Ader 16 Feb 2018

“Coming on the heels of the massive tax cut approved in December, last week’s budget agreement was a breathtaking abdication of fiscal responsibility.” Thus, begins Lou Crandall’s MMO for Feb 12 and he could have taken those words from my mouth but beat me to the punch. Since I’ve stolen that, I might as well offer a version of a chart Lou used which is a variation on the theme of many I’ve sent out; the budget as a % of GDP. Read more from David Ader's latest musings.

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Abby Someone. Who? Abby Normal.

By David Ader 09 Feb 2018

“I understand. You found paradise in America, had a good trade, made a good living…” thus begins the opening lines to “The Godfather” when Vito Corleone hears Bonasera’s request for justice. Think about it; we found paradise with our 401ks, had on good trades, and all that. Now, like Bonasera, we’d like the Don to make an offer the folks trading ETNs can’t refuse. Read more from David Ader's latest musings.

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Sauce for Bond Goose and Equity Gander

By David Ader 02 Feb 2018

It’s hard to be a bond bull when everyone everywhere is telling you it’s the end of the bond bull market, as if the rise from the absolute lows 100 plus bp ago and five Fed hikes wasn’t enough. Just about everything is about rising bond yields. Front page headlines read like the WSJ’s “Government Bonds Swoon World-wide” and the FT’s “Bond investors’ dash for the doors fuels concern about strength of equities rally” and those are merely the tip of the iceberg. Read more from David Ader's latest musings.

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Nothing Exceeds Like Excess

By David Ader 26 Jan 2018

There might be something disingenuous going on, but what do I know? I specifically refer to Washington, but I’ll expand that to the investment community, or at least some of it. In sum, let me rain on someone’s parade. I read this week that Trump Administration leaked a $ trillion infrastructure plan which a few hours after it was leaked went to $1.7 trillion as announced by Trump -- that’s not a leak but a gush. The plan has that 50% of the appropriations for it going towards grants to public and private initiatives. Here’s a link to the original report (https://goo.gl/D4ge74). I’m not sure how this all works, but according to some of the reports on this the Administration has sought $200 bn in grants over 10-yr to “leverage” investment from state, local and private sources” to get to that $1 trillion and presumably more to get to $1.7 trillion. Read more from David Ader's latest musings.

Topic Industry News

View whitepaper
EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Join the Bond Bear Crowd

By David Ader 19 Jan 2018

Curious, have you come across anything recent about bonds yields rising? A Google search on “end of bond bull market” pulled up 13.3 million articles about that in 0.45 seconds. A search on “bond bear market” came up with 11.4 mn. In context, anything related to bond bull or market came up with 1-4 mn references. I guess that cat is out of the bag, huh? Read more from David Ader's latest musings.

Topic Industry News

View whitepaper

Top headlines

IGM

18 May 2018

EPFR FUND FLOWS: IG inflows return, HY continues winning run

Link
IGM

18 May 2018

[ASIAN BOND FLOWS] Price actions turn positive regardless of increase in outflows

Link
IGM

11 May 2018

EPFR FUND FLOWS: More outflows for Euro IG funds, HY see inflows again

Link
IGM

11 May 2018

[ASIAN BOND FLOWS] The worst has yet to come

Link
IGM

04 May 2018

EPFR FUND FLOWS: Euro IG outflows continue, HY sees biggest inflow YTD

Link
IGM

04 May 2018

[ASIAN BOND FLOWS] Not in good shape at all, further capitulation on the cards

Link
IGM

27 Apr 2018

EPFR FUND FLOWS: Euro IG & HY see outflows

Link
IGM

27 Apr 2018

[ASIAN BOND FLOWS] Bond demand shrinks as negative factors are in play

Link
IGM

20 Apr 2018

EPFR FUND FLOWS: Euro IG & HY both see inflows

Link
IGM

20 Apr 2018

[ASIAN BOND FLOWS] Bond sentiment a bit dampened by declining inflows

Link
IGM

13 Apr 2018

EPFR FUND FLOWS: Euro IG record outflows, HY end losing run

Link
IGM

13 Apr 2018

[ASIAN BOND FLOWS] Sentiment firms up further on sustained inflows

Link
IGM

06 Apr 2018

EPFR FUND FLOWS: Euro IG see inflows, HY extend losing run

Link
IGM

06 Apr 2018

[ASIAN BOND FLOWS] Investors switch out of equities into bonds on trade war fears

Link
IGM

03 Apr 2018

EPFR FUND FLOWS: Euro IG outflows resume, HY losing run continues*

Link

Our unique strengths

Distribution statistics

Available for internationally-targeted benchmark offerings, detailing geographical and investor type for the initial bond placement, and information on the final book size.