Barclays LCS is an objective, quantitative, bond-level liquidity metric expressed as a percent of the bond’s price. It measures the cost of an immediate, institutional-size, round-trip transaction. LCS is computed for more than 22,000 instruments across a wide range of fixed-income markets. LCS is computed at the end of each month, based on quotes issued by Barclays traders and market data, collected during the month. For bonds not quoted in that month, LCS is estimated with market-specific econometric models calibrated to the available quotes. Sector-level Daily LCS are available for liquid subsets of the USD IG and HY credit, EUR IG and HY credit, USD emerging markets and USD convertible bonds.
- Firm Information
- Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs about 80,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.