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Credit rallies ahead of key inflation numbers
2 years ago
Credit markets have made a corrective turn towards tighter spreads after several successive sessions of deterioration, as investors position ahead of this week's key US inflation numbers -
LP round up: CLO fund included in whopping $13 billion of credit allocations in November
2 years ago
Credit took centre stage in November as investors allocated over $13 billion to credit funds in the month, with one pension allocating $50 million for a European CLO risk retention fund -
Credit slumbers in departure lounge as airline equities take off
2 years ago
Credit and equity markets have been in a balancing act on Tuesday between the positive and negative implications of surging oil prices and Germany opting to relax travel restrictions -
Focus shifts to macro views amid blurry relative value picture
2 years ago
Relative value trading has become a difficult place to operate in credit, with previously effective strategies such as compression, pairs and basis hard to discern and opportunities difficult to source, according to portfolio managers. -
French equipment rental firm gets big lift on Q1 results
2 years ago
Loxam, one of the widest trading names in the iTraxx Crossover universe, is leading index constituent tighteners on Wednesday after posting first quarter results showing improvement in revenue and ebidta -
Signs of new dawn as tranche volumes smash past $250bn
3 years ago
Last year, people formed fresh habits as they adapted to the coronavirus pandemic. Similarly, in credit, a breakthrough year for the CDS tranche market is leading participants to believe that elevated tranche volumes are here to stay -
Wide-end names gain ground as market hits impasse
3 years ago
Financial markets appear to have a hit resistance points in several asset classes today, with credit, stocks and oil prices struggling to find traction despite encouraging signals from the UK on rolling out the Pfizer/BioNTech covid vaccine -
Single name shorters get improved entry point after conviction test
3 years ago
Returning market optimism has taken credit spreads back to ultra-tight levels. But for bears, this posits a better entry level for short trades, and the recent blow-out may have given strong pointers where to target them -
Small businesses dominate sixth round of talf funding requests
3 years ago
Borrowers requested $282.7 million loans in the sixth round of the US Federal Reserve’s term asset loan programme, which began yesterday -
Fed extends emergency relief programmes to 31 December
3 years ago
The Federal Reserve has announced that its lending facilities announced in response to the coronavirus pandemic have been extended until 31 December -
LP round up: managers keep fundraising hopes high as GSO targets $7.5 billion for mezz offering
3 years ago
Institutional investors allocated $1.6 billion into credit this week, according to documents seen by Creditflux -
Managers raise billions to take advantage of talf opportunities
3 years ago
Aegon, Payden & Rygel, Invesco, Morgan Stanley IM, Voya and Palmer Square are just some of the latest managers to have raised funds dedicated to the strategy -
CLOs hold $189.3 million of J Crew as coronavirus pushes firm into bankruptcy
3 years ago
12 CLO managers hold $189.3 million debt of US retailer and household name J Crew (parent company Chino Holdings), which filed for Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia on Monday -
Virginia pension allocates $850 million to credit in Q1
4 years ago
Virginia Retirement System has allocated $850 million to three credit strategies in the first quarter of the year, according to an update at its 15 April investment committee meeting -
Determinations Committee to rule on maverick bankruptcy credit event
4 years ago
Top Gun Realisations 61, a New Look retail group private limited company that was previously named New Look Bondco I, is under consideration for a bankruptcy credit event trigger, after the Determinations Committee accepted a request to rule on the matter -
100% pay-out on New Look CDS as physical bids fail to materialise
4 years ago
A credit event auction to settle CDS referencing New Look today resulted in a zero cent final price, meaning contracts paid out to protection buyers in full - the first time this has happened other than by a 'deemed auction' decision since 2012 -
New Look CDS auction sets 1.5 cents as initial market mid-point
4 years ago
A credit event auction to settle CDS referencing New Look today has produced an initial market midpoint of just 1.5 cents, in line with the low price at which bonds have been quoted -
New Look CDS auction to have only one deliverable, says DC
4 years ago
An credit event auction tomorrow to settle CDS referencing UK retailer New Look will have only one deliverable obligation, following no challenges to the initial list -
Supermarket owner Rallye triggers credit event and joins queue for settlement checkout
4 years ago
Rallye, the parent of French supermarket chain Casino, has triggered a bankruptcy credit event, the Determinations Committee for Europe, Middle East and Africa (EMEA) has determined -
New Look triggers credit event with big pay-out likely for CDS
4 years ago
The Europe, Middle East & Africa Determinations Committee has ruled that New Look has triggered a failure-to-pay credit event -
DC accepts New Look failure-to-pay credit event question
4 years ago
The Europe, Middle East and Africa Determinations Committee has accepted a request to rule on whether New Look has triggered a failure-to-pay credit event -
Credit market snapshot: credit replays Tuesday's move wider
10 years ago
Spreads largely repeat Tuesday's moves, but subordinated financials fare worse -
Credit market snapshot: credit ends week tighter
11 years ago
Credit opens new week by continuing to move tighter -
Managers triumph at credit event of the year
11 years ago
A total of 13 credit fund and CLO managers shared the accolades at this week’s Creditflux Manager Awards dinner -
Credit traders book a profit after betting on sovereign sorpasso
12 years ago
Traders who bet big on sovereign relative value are starting to take a profit on the trade
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