Euroclear and Lyxor Asset Management have launched a tool to help the buyside calculate liquidity in the bond markets, which has been deteriorating amid regulatory and central bank pressures.

Launched on May 20, e-Data Liquidity calculates the liquidity profile of the 40,000 most traded European bonds on a monthly basis. The tool uses Euroclear's raw proprietary settlement data gathered from its role overseeing around 65% of Eurobond activity across 50% of European domestic markets.