Mad cow scare drives US food credits wider
First case of mad cow disease in US since 2006 hits market sentiment to food credits

European political risks drive yankee financial bonds underperformance
European financial yankee bonds underperformed the market yesterday

Investor demand drives US financial bonds tighter
Rumours of potential QE3 by US Fed also boosts sentiment towards US financials

Traders bet on low recoveries as Kodak files for bankruptcy
Kodak files for bankruptcy early this morning

Investors dump off-the-run financials in flight to liquidity
With the market awaiting the results of the latest European summit on Thursday, there is still a good deal of risk aversion towards financials according to market sources

Airline company's spreads take off after bankruptcy filing
CDS spreads soar and bond prices fall following bankruptcy filing

Moody's Norwegian action spooks quasi-sovereign bond holders
Quasi-sovereign bonds hit by Moody's downgrade of Norwegian esport finance lender

US insurer postpones bond pricing as deepening crisis hits high yield
A US high yield healthcare credit Amerigroup put off pricing a $450 million 2019 bond issue yesterday as the Eurozone crisis deepened

Credit spotlight - Lean, mean driving machines
After paring down fleets and cutting costs in 2008, car rental companies have recently posted strong earnings and most could now make profits even in a recession

US financials paper rallies as dealers look to close short positions
Street caught out by 'vicious short covering rally' with real money sellers playing hard to get

Airline company bonds fall on bankruptcy fears
Fall in bond prices follows massive equity drop

Homebuilder's bonds fall on debt exchange offer
Bonds fall and CDS spreads widen on debt exchange offer

First high yield bond in Europe for weeks sees strong start
The first European high yield bond issue in six weeks has made a strong start in early trading

News Corp rallies back cautiously after Murdoch testimony
News Corp has seen a modest rally today in credit spreads

Basis traders make hay from new insurer bond
Basis traders were some of the biggest buyers of a new bond issue yesterday, illustrating the scope for arbitrage plays in the new issue market

New CLO prices at tightest spread this year
A new CLO that priced on Friday achieved tighter triple A pricing than any previous deal this year

Wells Fargo prices it first new issue CLO of the year
Wells Fargo has arranged its first CLO of the year, completing a $300 million CLO on Friday