LONDON, June 20 (Reuters) - European sovereign bond markets saw a net loss of three primary dealer banks between January and April, the Association for Financial Markets (AFME) in Europe said on Tuesday.
Three banks exited and no new banks signed up as primary dealers -- which manage the auctions and trading of debt -- for European governments, affecting Bulgaria and the European Union, the industry body said in its first quarter government bond report.
The report also showed a jump in trading volumes across European government bond markets in the first quarter.
Trading rose 22% in the first quarter from the previous one and 6% year-on-year, representing the highest average daily trading volume for any quarter since 2014, AFME said, citing MarketAxess data. (Reporting by Dhara Ranasinghe; editing by Yoruk Bahceli)