Refine Search
Article Categories
Strategy Tags
- Direct lending (11)
- Emerging markets (12)
- High yield bonds (72)
- Investment grade credit (46)
- Structured credit (38)
- CLO (19)
- Distressed debt (22)
- Leveraged loans (28)
- Marketplace lending (1)
- Synthetic/SRT (remove)
- ABL Financing (6)
Geography Tags
-
It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter
3 years ago
“CLOs are lagging” has been a much repeated refrain over the last nine months. But Carlyle Group has this week produced a US CLO that has dragged spreads to their tightest point in three years so that, rather than comparing CLOs to pre-covid levels, they should be assessed against early 2018 -
No CDS auction for Scandinavian Airlines 'soft' credit event, rules DC
3 years ago
A credit event auction will not take place for Scandinavian Airlines System Denmark–Norway–Sweden CDS contracts, despite the company triggered a restructuring credit event last month, the EMEA Determinations Committee has ruled -
Credit fundraising: Dubai manager gets in on the act as direct lending takes off
3 years ago
Shuaa launches credit fund in the Gulf as Ares, Contingency, HPS and Perceptive are among those to close billion-plus funds -
Squarepoint adds former bank credit trading head in London
3 years ago
Squarepoint Capital, a cross-asset fund manager that uses systematic and quantitative strategies, has hired a former global credit trading head at Societe Generale to lead fixed income, currencies and commodities alpha capture -
Scandinavian Airlines System triggers restructuring credit event
3 years ago
Scandinavian Airlines System Denmark–Norway–Sweden has triggered a restructuring credit event as a result of its recent recapitalisation, the Emea Determinations Committee has ruled -
Green credit advocate launches research body
3 years ago
Stockholm-based portfolio manager and green credit advocate Ulf Erlandsson has today announced the launch of research body Anthropocene Fixed Income Institute (AFII) -
Palm Lane launches credit relative value fund with $200 million after PM hires
3 years ago
Palm Lane Capital has raised about $200 million for a global credit relative value hedge fund, which went live on 1 September -
Credit event auctions mount as European resistance breaks
3 years ago
Two constituent defaults in iTraxx Crossover — the first to hit the European on-the-run index in almost two years — have made 2020 the second busiest year ever for credit event auctions -
Hema and Matalan auctions set as DC ponders Ensco credit event
3 years ago
Dates have been set for credit event auctions to settle two constituent defaults in iTraxx Crossover — the first to hit the European on-the-run index in almost two years -
Wirecard CDS auction set to have two deliverables
3 years ago
Two notes look set to be deliverable into an auction to settle Wirecard CDS, according to an initial list published by the EMEA Determinations Committee -
Former JP Morgan credit prop trader relaunches credit hedge fund
4 years ago
Palm Lane Partners is relaunching – two years after the credit hedge fund manager looked to spin out of JP Morgan Asset Management -
Silver lining: credit investors provided with lower entry points than Q4 2018
4 years ago
Oil shocks and the coronavirus outbreak, along with aftermath effects such as US Federal Reserve interventions and lockdowns, is providing credit investors with lower entry points than the Q4 2018 sell-off, say sources. Furthermore, an expected U-shaped rather than V-shaped recovery could provide a greater money multiple for opportunistic investments - if they can access them -
Credit hits new wides as US and Europe ramp up coronavirus battle plans
4 years ago
An emergency weekend rate cut by the US Federal Reserve as well as population lockdowns in France and Spain underscore that measures of economic risk have moved to a more systemic level as world governments scramble to deal with the impact of the coronavirus outbreak -
Credit traders’ kickstand: a year comes undone in a week as world faces coronavirus moment of truth
4 years ago
As the coronavirus outbreak reaches a 'decisive point', according to the World Health Organisation, one of most volatile weeks in recent memory has hauled credit spreads from their post-financial crisis tights to much wider levels last seen in the first half of 2019 and, in the case of emerging markets, more than a year ago. -
Italian financials put Europe's best foot forward as US outperforms
4 years ago
Financial credits are once again leading the way as the market continues this week’s sharp return rally -
Credit traders’ kickstand: primary market flood gives basis for relative value
4 years ago
A deluge of investment grade bond supply in the first two weeks of the year has weighed on the spread basis between the cash market and CDS, leaving opportunities for traders who believe this dislocation should correct over the coming weeks -
Apollo CLO and CSO specialists earn promotion to partner
4 years ago
Apollo Global Management has promoted two members of its global structured credit team, according to market sources -
Stockholm-based firm targets CLOs, CSOs and SRTs for new fund after stellar 2019
4 years ago
A fund manager, established in 2018, is said to be launching its second corporate structured credit fund, sources say, after generating 20% returns last year via its debut strategy. The new fund will invest across CLOs, CSOs, SRTs and index tranches -
Credit traders enter 2020 a world away from 2019's opening blues
4 years ago
CDS markets are showing what a difference a year makes, with indices beginning 2020 at post-crisis record or near record tights. And concerns such as Brexit or US-China (and lately UK-China) tensions are doing little to dampen the mood in today's buoyant trading session -
CSO arrangers look to build on $65bn of issuance in 2019
4 years ago
The synthetic bespoke tranche market this year has fallen short of expectations in terms of overall issuance volume, but ends with transformative inroads being made. -
Private debt secondaries expected to soar in 2020
4 years ago
Private debt secondaries grew massively in 2019 — and more is expected this year. -
Falling correlation reignites passion for index tranche trades
4 years ago
Dispersion in the global corporate credit market is rekindling interest in correlation trading, with dealer sources reporting that a late surge lifted 2019 index tranche volumes to $250 billion. -
Non-dealers overtake banks as biggest holders of diminishing CDS pie
4 years ago
The share of the CDS market held by non-dealer financial institutions has surpassed that of dealers for the first time, according to latest Bank for International Settlements data. But firms are scrapping over a smaller pie, as outstanding single name CDS continues to fall -
Rising idiosyncratic risk leads to calls for high yield index tranche fix from traders
4 years ago
As sources of funding dry up for the weakest borrowers in the credit market, some correlation traders are calling for an overhaul of CDX NA HY index tranches to make trades on wide-end dispersion more effective. -
Creditflux launches inaugural survey of CSO market
4 years ago
Creditflux is conducting a survey to gauge investor perceptions of the size of the synthetic bespoke tranche market so far this year, as well as the share of banks arranging deals
Want all the latest news, comment, analysis and data?