Refine Search
Article Categories
Strategy Tags
- Direct lending (3)
- Emerging markets (1)
- High yield bonds (12)
- Investment grade credit (6)
- Structured credit (2)
- CLO (2)
- Distressed debt (3)
- Leveraged loans (2)
- Synthetic/SRT (12)
Geography Tags
-
LP round up: 27 managers find the top corner with investor wins
1 year ago
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. -
Credit bull run falters as central bank glow abates
2 years ago
Thoughts that the credit market had taken a positive directional shift are turning, after Tuesday’s session has brought a sizeable retracement wider, but credit strategists predict an overall firming of tone into the end of the year off the back of dovish central bank meetings -
Credit optimism returns on Evergrande and Fed but big questions loom large
2 years ago
Credit markets have moved onto a firmer footing, with one day of this week’s US Federal Reserve meeting out of way and troubled Chinese real estate behemoth Evergrande having negotiated a domestic yuan bond payment. But there is plenty of room for upset in the coming sessions -
It's all relative: IG index drifts wide of 50bp as European CLO triple Bs outperform
2 years ago
US investment grade credit has been an underperformer in the last few weeks with CDX IG trading north of 50 basis points again. But European CLO triple Bs are looking strong while there is a stronger bid for two- to three-year paper in the US -
French foodco CDS jumps on bond offering
3 years ago
Picard, the French frozen foods company, is a big underperformer in credit markets on Monday, as it limbered up to bring a triple-tranche bond deal -
Dutch telco CDS leaps on private equity rumours
3 years ago
An iTraxx Europe constituent has surged wider in five-year CDS amid reports of a buy-out approach -
Renewed energy boosts credit as relief rally resumes
3 years ago
Energy companies are performing well and credit indices have resumed their push tighter after a strong surge inwards Monday, outpacing moves in other parts of the financial market -
Potash credit turns salty on accounting probe
3 years ago
Bonds and CDS of the high yield company have widened sharply, along with a big drop in its stock price, after the company revealed German authorities will investigate its 2020 first half results -
Italian banks widen sharply as risk-on drive falters
3 years ago
Italian banks are among Wednesday's underperformers as single name credits play catch up with a shift wider in indices, amid signs the recent bull run is petering out -
Ellington holds first close on structured credit dislocation fund
3 years ago
Ellington Management has launched a mortgage recovery fund -
Tikehau appoints head of capital market strategies
3 years ago
Tikehau Capital has appointed a head of capital market strategies effective today, responsible for overseeing the firm’s €3.8 billion bond, equity and flexible investment strategies -
Fed expands Main Street direct lending scheme but it's unlikely to help CLOs
4 years ago
The US Federal Reserve Board has expanded the scope of its Main Street Lending Programme following more than 2,200 letters of feedback. Under the third loan facility, lenders will hold 15% of the loan to borrowers with greater leverage -
UK government approves covid-19 loan scheme for larger businesses
4 years ago
The UK government announced a new covid-19 loan scheme on Friday to support larger firms with annual turnover of up to £500 million -
Credit traders’ kickstand: weaker mood, but primary drive strengthens
4 years ago
The primary market for high yield bonds is open again, after a pause around the US holiday on Monday, with issues in Europe today from the likes of SIlgan and Catalent striking a bullish tone and setting the scene for an expected flurry of deals next week. But this comes as credit generally weakens, with concerns about the spread and reappraisal of coronavirus cases causing spreads to push back from their recent tights -
Boost for Parker Drilling protection buyers as CDS settles lower than expected
5 years ago
Parker Drilling credit default swaps have settled at a lower value than expected, after physical settlement sell requests drove down the price at auction and increased the windfall for protection buyers -
Parker Drilling recovery implied at 45 cents as dealers get set for CDS auction
5 years ago
An auction to settle credit default swaps referencing Parker Drilling will take place today, with bond trading levels of the defaulted company implying a payout to protection buyers of around 45-46 cents on the dollar -
Parker Drilling CDS auction deliverables trade in low 50s
5 years ago
There will be two deliverable obligations into an auction to settle credit default swaps referencing Parker Drilling, the Americas Credit Derivatives Determinations Committee has decided -
Credit market snapshot: investment grade credit outperforms high yield
9 years ago
Investment grade credit significantly outperformed high yield yesterday -
Credit market snapshot: US spreads begin to make gains
9 years ago
Spreads follow government yields with US coming in and Europe inching out -
Credit market snapshot: strong US data pushes credit tighter
9 years ago
Strong home building confidence numbers lead to positive outlook for US -
Credit market snapshot: tightening continues as volumes fade
10 years ago
Spreads continued to tighten across the market on some positive figures from Europe’s periphery -
Credit market snapshot: US pushes out on Bernanke speech
10 years ago
Spreads jump out in the US at the end of the day, as Bernanke sticks to his guns over QE tapering -
Credit market snapshot: last minute rally not quite enough for Europe
10 years ago
European spreads fail to move in despite last minute rally, while US markets jump tighter -
Credit market snapshot: Spreads resume widening led by US high yield
10 years ago
Friday’s rally proves short lived as US high yield leads European and US spreads wider again -
Credit market snapshot: US high yield underperforms as spreads widen
10 years ago
US high yield is a big underperformer, as credit markets end week on a sour note
Want all the latest news, comment, analysis and data?