UK - Barclays Capital has launched electronic trading of UK government inflation-linked bonds through BARX, its single dealer page on Bloomberg.
It is the first investment bank to offer live executable prices online for UK inflation-linked bonds.
The bank already offers online trading of European inflation-linked bonds and plans to add TIPS (Treasury Inflation-Protected Securities) or US Treasury inflation-linked bonds, to the platform later this year.
The UK is the most established inflation-linked market in the world, with the first UK treasury security with a return indexed to inflation created in 1981, said Alan James, global inflation-linked strategist at Barclays Capital.
Twenty-five per cent of all long-term UK government debt by market value is in inflation-linked bonds.
The addition of electronic execution in UK linkers should go a long way to dispel the myth of lack of liquidity in these bonds. Barclays Capital is fully committed to improving the visibility of liquidity across all the components of the inflation markets and we welcome investor feedback on this process, said Justin Excell, managing director, inflation trading at Barclays Capital.
In addition to inflation-linked products, Barclays Capital offers electronic trading via BARX of Euro interest rate swaps, European government bonds, European corporates, European financials, European exchange traded funds, European covered bonds and gilts.
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