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Citi goes online with Expedia crossover basis trade
14 years ago
In its latest High Yield Weekly research report, Citi says that crossover credits continue to offer attractive opportunities for basis trades despite the narrowing in the basis for many investment grade names -
UniCredit recommends buying protection on Fiat
14 years ago
UniCredit analysts recommend selling five-year protection on Fiat at 325 basis points and buying five-year protection on Renault at 290bp. -
BNP Paribas recommends holding Credit Logement's tier-one
14 years ago
BNP Paribas analyst note that Credit Logement’s €450 million tier-one floating rate note gives an attractive yield of 21.5% despite the fact that the French bank confirmed last Friday that it will not be calling the bond on 15 December 2009. -
Buy iTraxx super-senior protection, says BofA/Merrill
14 years ago
In light of central banks’ intentions to sustain base rates, Bank of America/Merrill Lynch credit derivatives strategists recommend buying protection on the iTraxx super-senior tranche. -
Citi touts relative value play on oil credits
14 years ago
Citi suggests a relative value trade in the US high-yield energy sector to take advantage of technical distortions in the cash and credit default swap market -
Drop restructuring for CDS index trades, posits Bank of America/Merill Lynch
14 years ago
Bank of America/Merrill Lynch credit analysts posit a compromise for the restructuring credit event. -
Goldman closes out correlation short recommendation
14 years ago
Goldman Sachs credit strategists closed their investment grade short correlation trade yesterday -
JP Morgan recommends correlation shorts
14 years ago
In the latest issue of its Global Tranche Trader report, JP Morgan recommends several trends that will benefit from a fall in implied credit correlation -
Buy Gazprom 2015 bond, recommends UniCredit
14 years ago
UniCredit analysts recommend buying Gazprom’s 2015 bond. -
Barcap suggests high yield positive basis package
14 years ago
In a recent research article Barclays Capital suggests a positive basis package to take advantage of the wide credit default swap spreads of many high yield index constituents compared to their cash bonds -
Swap paper maker's first liens for second liens, suggests Goldman
14 years ago
Goldman Sachs says that Verso Paper’s second lien bonds offer better risk-adjusted returns that its first lien paper -
Switch from Renault to Fiat bond, says UniCredit
14 years ago
UniCredit analysts recommend switching from Renault’s bond into the Fiat’s bond. -
Maintain credit positions for sluggish recovery, recommends Deutsche
14 years ago
Investors should maintain credit positions for now, while accumulating long-spread positions by either selling treasuries, or paying fixed on interest rate swaps, says Deutsche Bank -
Goldman Sachs downgrades US Steel
14 years ago
Goldman Sachs strategists dongraded US Steel from outperform to underperform. -
UniCredit recommends CDS pair trade in electricity sector
14 years ago
UniCredit analsts recommend a credit default swap pair trade on Edison and Gas Natural, by buying five-year CDS on Edison. -
RBC downgrades Telecom Italia's eurobonds
14 years ago
RBC credit analysts downgarded Telecom Italia's euro-denominated cash bonds from sector perform to underperform. -
Goldman identifies refi-risk corporate curve opportunities
14 years ago
In its credit research this week, Goldman Sachs posited potential curve steepeners, identifying names with higher-than-normal refinancing risk. -
RBC downgrades BSkyB on bond valuation
14 years ago
RBC credit research downgraded British Sky Broadcasting from outperform to sector perform. -
HeidelbergCement is still cheap, say trading analysts
14 years ago
BNP Paribas’ trading analysts recommend buying HeidelbergCement’s bonds and buying protection on the name. -
UniCredit recommends Portuguese bank negative basis trade
14 years ago
UniCredit analysts recommend a negative basis trade on Banco Comercial Portuguese -
US credit and equity offer comparable value, says Goldman
14 years ago
Goldman Sachs strategists report in their recent research that US investment grade cash credit and equities now offer comparable relative value. -
Pharma credits contain patent risk, says UniCredit
14 years ago
UniCredit recommends a cash bond trade today on Sanofi-Aventis and Roche. -
Loan to bond financing ratio may shift, says SocGen
14 years ago
Societe Generale’s credit research today reports that the loan financing to capital market financing ratio may change. -
Aviva tier-one still an opportunity, says BNP
14 years ago
Aviva’s tier-one perpetual bond has had a phenomenal run in recent weeks, analysts at BNP Paribas report. -
Go long Owens Corning, says Goldman Sachs
14 years ago
Goldman Sachs recommends selling protection on fibre glass producer Owens Corning, given its wide spread of 235 basis points relative to peers
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