Refine Search
Article Categories
Strategy Tags
- Direct lending (6)
- Emerging markets (182)
- High yield bonds (894)
- Investment grade credit (579)
- Structured credit (57)
- CLO (37)
- Distressed debt (374)
- Credit derivatives (1018)
- Leveraged loans (46)
- Real assets (3)
Geography Tags
-
Credit rally revives as investors scour ECB for Easter eggs
2 years ago
Credit spreads are taking a turn for the tighter on latest European Central Banks statements, at the end of a short week characterised by flatter index trading but persistent single name volatility -
RusRail no-auction vote means CDS holders must track down bonds
2 years ago
Russian Railways CDS contracts will not be settled via auction despite the borrower having triggered a failure-to-pay credit event, the Credit Derivatives Determinations Committee has ruled -
Credit investors eye synthetic tranches as dispersion rises
2 years ago
Dispersion is increasingly important to the credit market — and it is incentivising some CLO investors to add synthetic products to their toolkits -
Credit indices show central bank-led swing potential
2 years ago
Macro credit trading in March was overwhelmingly about the consequences of Russia’s invasion of Ukraine, but the pendulum is swinging back to central bank policy -
DC meets to consider next steps on Russia and RusRail CDS
2 years ago
The Emea Determinations Committee is meeting today, having accepted a request to rule on whether a potential failure to pay has occurred on Russian Federation CDS contracts -
Skew in focus for second day as single names move sharply against index
2 years ago
Credit indices are trading out of sync with their underlying constituents for a second day this week, with single names broadly widening despite investors seeking to maintain flattish macro positioning -
Russian sovereign posed to DC as 'potential failure to pay'
2 years ago
The Russian Federation has again been referred to the Credit Derivatives Determinations Committee for the second time in a month, this time with the questioner asking if a potential failure to pay has occurred -
High yield and IG single names diverge even as buyside seeks macro neutrality
2 years ago
High yield and investment grade single names are moving in opposite directions at the start of the week, while indices reflect a push by investors to cut directional exposure to macro credit -
Sovereign in scope as Russian Railways triggers first Ukraine-linked credit event
2 years ago
Russian Railways had triggered a failure-to-pay credit event, the Credit Derivatives Determinations Committee has ruled, making this the first sanctions-related credit event since Russia's invasion of Ukraine in February -
Investors weigh up Fed calendar and valuations after bruising week
2 years ago
Financial markets are taking stock on Friday after a big sell-off in risk assets, with credit spreads nursing the wounds caused by this week's returning focus on hawkish central bank policy versus rich-looking valuations -
Blackstone lands big name as bank's synthetic structured credit talisman joins buyside
2 years ago
Blackstone has hired a well known figure from the synthetic structured credit market, with a prominent name in CSOs joining the firm after 18 years working on the sell-side -
Russia returns to default pricing as railway co awaits credit event vote
2 years ago
Russian credit spreads are once again under intense pressure and sanctions-related credit events are back under the spotlight as the country's state-owned railway company faces the scrutiny of the Emea Credit Derivatives Determinations Committee -
Russian Railways posed to DC as failure-to-pay credit event
2 years ago
Russian Railways has been posed as a failure-to-pay credit event, following a filing about its debt on the Swiss Stock Exchange on Friday -
Logan Group contracts require physical settlement, DC rules
2 years ago
Logan Group will not require an auction to settle CDS contracts despite having triggered a failure-to-pay credit event, the Credit Derivatives Determinations Committee has ruled -
US oil drive boosts credit, but property firm goes against the flow
2 years ago
US moves to increase oil supply have prompted financial markets to resume rallying, after Russia dampened optimism on peace in Ukraine. But one European company is moving sharply in the other direction -
Chinese property co defaults stack up with second credit event trigger in two months
2 years ago
Logan Group has triggered a failure to pay credit event, the Credit Derivatives Determinations Committee has ruled, in its second such decision on a Chinese property developer in as many months -
High yield gap yawns open after US index roll
2 years ago
A market rally ahead of Russia/Ukraine peace talks has added to the gap between European and US high yield credit derivative index spreads, a day after CDX HY rolled into a new on-the-run series -
Russia extends rally as DC rules against repudiation / moratorium
2 years ago
Russian Federation CDS contracts rallied strongly for a second day on Thursday, after the Credit Derivatives Determinations Committee ruled a repudiation / moratorium had not occurred on the country's sovereign debt -
Credit rally extends as investors welcome hawkish but clearer Fed message
2 years ago
Credit markets have carried their rally over to another day, fuelled in part by what investors have interpreted as a hawkish but clear message from the US Federal Reserve on policy tightening -
HY index to only receive one fallen angel, as five rising stars leave for IG
2 years ago
The addition of rising stars from the high yield market will be a prominent feature of next week's CDX IG index roll. But changes listed for CDX HY suggest the reverse will not be true when it rolls a week later -
China pledges and Russia/Ukraine peace hopes drive relief rally
2 years ago
Credit markets have surged tighter on Wednesday, with China's pledge to support covid-hit markets and hopes rising for Russia-Ukraine peace discussions ahead of US Federal Reserve policy moves that are widely thought to have been priced in -
DC accepts request to rule on Russian repudiation / moratorium
2 years ago
The Russian Federation is subject to credit event scrutiny over warnings it could repay foreign bond investors in rubles, with the Credit Derivatives Determinations Committee agreeing to rule on a 'potential repudiation / moratorium' question -
China's covid response fuels regional dislocation and slowdown fear
2 years ago
Asian credit divergence has extended into a second day, with China's move to address rising covid numbers driving regional spreads as investors elsewhere await a closely watched Federal Reserve meeting -
Europe leads rally ahead of Fed despite mounting concerns from Asia
2 years ago
Credit markets have begun the week on a firmer tone, with Europe outperforming, despite concerns that rising covid-19 cases in China could add a further source of supply disruption -
Rising stars and Russia drive credit index roll changes
2 years ago
Rising stars will feature prominently in this month's roll into new iTraxx and CDX index series, but the market's riskiest names will remain in high yield baskets while at least one company falls foul of its links to Russia
Want all the latest news, comment, analysis and data?