iBoxx TRS Comes of Age

When the iBoxx TRS market first started in 2012 only three market makers were making markets. Today there are ten active iBoxx TRS market makers providing liquidity and pricing, and in June 2019, the iBoxx TRS monthly traded notional volumes hit a new all-time high of $23.9 billion.  Background IHS Markit’s iBoxx Standardized Total Return Swaps provide quick exposure on an unfunded …

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Is chemical recycling a game changer?

Chemical or feedstock recycling is being touted as a game changer that can transform recycling. With chemical recycling, innovative technologies – such as pyrolysis, gasification, chemical depolymerization, catalytic cracking and reforming, and hydrogenation – convert plastic waste into chemicals. These technologies produce feedstocks such as monomers, oligomers, and higher hydrocarbons that can in turn be used to make virgin polymers. …

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PMI survey comments show mounting global pessimism

Global PMI Future Output Index at survey-record low… …as economic, political and trade worries intensify No-deal Brexit risk and trade war developments add to concerns Anecdotal evidence from global survey panellists shows that the worldwide outlook is becoming increasingly gloomy. Long-running trends such as trade wars and political tensions continue to dampen businesses’ forecasts, while new tensions in Asia add …

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