Credit spotlight - House of cards
Heavily indebted US home builder Hovnanian seems to be an ace away from collapsing – and yet its bonds are still trading at well above recovery value

Pricing counterparty risk
In the first of our series of articles exploring technical aspects of the credit markets,
Eduardo Canabarro examines models for pricing credit valuation adjustment, or CVA

Special report: Across the CDO universe
Special report: Across the CDO universe