Refine Search
Article Categories
Strategy Tags
Geography Tags
-
Euro high yield is super expensive (except in comparison to IG), says SocGen
7 years ago
Societe Generale research finds that while high yield spreads are at historic tight, they have moved back to historic norm against investment grade -
JP Morgan analyses impact of redenomination on CDS contracts
7 years ago
JP Morgan runs through CDS contract outcomes should a eurozone country redenominate its debt -
iTraxx underperformance is largely down to the skew, says JP Morgan
7 years ago
Research note suggests arbitrage trades across European CDS indices -
CLO equity returns suffer amid loan repricing wave, finds Nomura
7 years ago
CLO equity returns took a hit in January as increasing Libor and tightening loan spreads took their toll on CLO arbitrage, according to a research piece by Nomura -
SocGen research defends bold "Crossover at 700bp by July" call
7 years ago
Societe Generale's 2017 outlook published in November 2016, made the bold claim that the iTraxx Crossover index could be trading at over 700 basis points by the end of June this year. A recent research note from the bank defends this claim -
Investors trawl through docs with an eye on 'make whole' stips, says SocGen
7 years ago
Investors are checking their bond documents for make whole provisions as firms look to lock in cheap funding -
Brexit means CDS arbitrage, finds Societe Generale
7 years ago
With UK apparently on the path to a ‘hard brexit’ French bank’s research desk highlights CDS protection buys -
SocGen urges overweighting US credit as investors pile into longs
7 years ago
Societe Generale research argues for US credit over European and emerging markets -
Sell protection on senior financials against iTraxx Main, suggests SocGen
7 years ago
French bank’s research isn’t a fan of the financials sector, but sees a rare carry trade open up in CDS indices -
BAML suggests going long via CDS in 2017
7 years ago
Credit default swaps are less technically driven than bonds at the five-year point, and this makes for a better long in credit, according to Bank of America Merrill Lynch research -
Societe Generale looks for credit winners among Trump shock
7 years ago
Some of these companies' debt are going to win so much, they're going to get tired of winning -
Societe Generale sees signs of stress in CDS markets
7 years ago
Research from French lender highlights weakening CDS while cash holds up -
Investment grade illiquidity premium has shrunk in 2016, finds BAML
7 years ago
A research note from Bank of America Merrill Lynch examines the premium attached to market illiquidity in the US investment grade bond market -
European financials offer value amid ECB tapering talk, finds SocGen
7 years ago
French bank’s credit research looks at where to put money with a tapering European Central Bank -
Investors fear lack of liquidity in credit rather than brexit, finds BAML
7 years ago
A credit investor survey from Bank of America Merrill Lynch has found that almost no investors were concerned with the effects of brexit -
Look to Europe for bonds and the US for index exposure, says SocGen
7 years ago
Research note suggests that European cash looks good and adds US high yield exposure boosts yield -
Expect more CLO refis before year end, says Nomura
7 years ago
The increased pace of CLO refinancings is likely to continue in the coming months amid a steepening credit curve, according to a report published last week by Nomura -
BAML puts the spotlight on spread dispersion in high yield
7 years ago
A HY Wire research note from Bank of America Merrill Lynch highlights the spread basis between different credit rating bands. -
Rally means US CLOs are fairly safe from OC test breaches, finds Nomura
7 years ago
US CLOs appear to be fairly well insulated from further overcollateralisation test breaches in the wake of a prolonged rally in the loan market, according to a new research report from Nomura. -
Take long exposure through single name CDS, suggests BAML research
7 years ago
A credit derivatives strategy note from Bank of America Merrill Lynch argues that European CDS indices have become a key macro risk indicator over recent months, but that this may no longer be the case -
US investors don’t have the risk off feeling in CDS, finds BAML
7 years ago
A Bank of America Merrill Lynch research note says CDS index flow data shows that investors increased their net long positioning in the CDX high yield index -
Euro CLOs offer 15bp spread pick-up for Japanese investors, says Nomura
7 years ago
European triple-A CLO investments are more attractive for Japanese investors than US CLOs on a currency-adjusted basis, according to a recent (pre-Brexit) research piece from Nomura. -
Foreigners swing to become sellers of US corporate debt
7 years ago
Foreigners sell $20 billion of US corporate bonds says the Fed, but BAML research warns against reading too much into the numbers -
European credit will outperform the US, says SocGen
7 years ago
A research note from Societe Generale argues that the market consensus that the US will outperform Europe over May and June is wrong -
Look to European total return swaps for yield, says BAML
7 years ago
Euro high yield total return swaps look ripe for outperformance, according to a strategy note from Bank of America Merrill Lynch
Want all the latest news, comment, analysis and data?