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21 results found Showing page 1 of 1
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Cash-CDS basis falls, says Markit, while investors cut index longs
7 years ago
US indices saw their buy side long positioning decline, as did the cash bond basis -
CDS investors look to Asia to revive sovereign basis trading
8 years ago
Opportunities open up in Asian sovereigns for positive basis trades -
CDS buyers have whale of a time with basis trade
8 years ago
Several credit hedge funds are said to have profited late last year from going short the major credit indices while going long single name CDS -
Heavy IG bond supply sends index skew back to earth
8 years ago
Huge supply in the US corporate bond market drove a key credit index metric sharply tighter yesterday as the skew between the CDX NA IG and its constituents compressed dramatically -
Credit investors switch strategies as basis flips
9 years ago
Investors dump high yield CDS but move into investment grade -
European CDS underperform bonds as US CDS tightens
9 years ago
European investment grade credit default swaps have underperformed bonds in recent sessions, while US investment grade CDS have outperformed, leading to a widening of the 'basis spread' between the two markets to the most in a year. -
Cash high yield outperforms CDX NA HY by 2.2% on average
9 years ago
Barclays analysis the make-up of the differential between CDX NA HY and high yield bonds -
iTraxx Crossover basis trade is over, says fund manager
9 years ago
Hellebore's DataGrapple service says basis has normalised for European high yield credit -
Fiat offers record negative basis opportunity, says BNP Paribas
9 years ago
The cost of shorter-dated default protection on Italian car maker Fiat has fallen significantly below the price of the company's bonds, offering a negative basis trading opportunity -
European IG basis hits record tight as US goes the other way
9 years ago
The average basis in European investment grade credit was at its tightest level in more than a year in recent trading -
European basis reaches six-month high as blackout hits issuance
9 years ago
Cash continued its recent outperformance against CDS in recent sessions in Europe, amid anaemic supply as companies held back on issuing new bonds around the quarterly earnings period. -
Investors put on option hedges as cash credit widens relative to CDS
10 years ago
Real money investors and some hedge funds have taken options positions to hedge against a widening in synthetic spreads -
Fed-backed credit “nirvana” drives investors into synthetic indices
10 years ago
Record flows into synthetic credit in recent weeks have pushed the basis between cash and credit to its widest level since May -
European high yield basis turns negative as record supply hits cash spreads
10 years ago
Issuance in European high yield has sent cash yields wider than credit default swaps -
Euro financials basis falls as dealers left long
10 years ago
European financial bonds underperformed equivalent credit default swaps in recent sessions -
Cyclicals lead basis wider says BNP Paribas as CDS buyers return
10 years ago
The CDS-bond basis jumps wider as investors look to protect themselves against falling prices in underlying bonds -
Hedge funds dig deep into docs for new basis plays
10 years ago
European hedge funds are increasingly using legal expertise to source underpriced deliverables -
Financials push positive CDS-Bond basis wider in March
11 years ago
Events in Cyprus push positive basis between CDS and bonds wider according to Markit -
Fund outflows push cash-CDS basis wider
11 years ago
European investors withdrew money from high yield bond funds in February for the first time in nearly a year -
Looming ‘naked’ ban hits protection buyers
11 years ago
Buyers of default protection on European sovereign bonds have taken a hit as they exit positions ahead of a ban on “naked” trading on 1 November -
Credit investors scramble to unwind shorts as basis tightens
11 years ago
European real money investors scrambled to unwind short positions in the CDS markets in recent days, as a narrowing basis to underlying bonds left protection positions out of the money.
21 results found Showing page 1 of 1
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