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Fund performance: Credit funds end difficult 2022 on a positive note
1 year ago
In December 66% of credit funds reached a positive return, following an even better November where 81% of all funds pushed into the black -
Rebuke for optimism as US jobs send market bulls running for cover
1 year ago
Investors’ determination to maintain an optimistic outlook on US Federal Reserve policy hit a point of reckoning on Friday, with hot US jobs numbers adding weight to committee members’ message that there is still a lot more work for them to do -
Bond tenders bring outperformance as credit fends off commodity woes
1 year ago
Credit markets are managing to stay remarkably robust this week despite high volatility in oil prices and covid deaths in China undermining hopes for its economy to reopen -
DC explains Russian credit event ruling - but not sole member opposition
2 years ago
Factors backing Russian Federation’s credit event trigger have been outlined by the Credit Derivatives Determinations Committee, but without giving any explanation for Citi’s decision to vote against the decision -
Russia triggers failure-to-pay credit event
2 years ago
The Russian Federation has triggered a failure-to-pay credit event on sovereign bonds, the Credit Derivatives Determinations Committee has ruled – marking an historic moment that caps off a long run of deliberations on the country’s international debt since it invaded Ukraine on 24 February -
Russia looks to avoid default as deliverable list points to 27-cent recovery
2 years ago
The Credit Derivatives Determinations Committee has published a preliminary list of bonds it deems deliverable into Russian Federation CDS contracts, even though reports suggest Russia may have avoided default with just one day left on the country's grace period for overdue international bond payments -
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 -
Nuclear power plant seizure amps up commodity chaos
2 years ago
The high volatility driven by Russia's invasion of Ukraine is taking financial markets to new extremes, with credit ending the week once again hitting new widest spreads since mid-2020 -
Ukraine crisis takes EU and Russian markets into new territory
2 years ago
Credit spreads went back to the wides again on Monday, after the European Union intensified its pressure on the Russian economy and reached an unprecedented agreement to supply Ukraine with weapons -
Asian property co default in crosshairs as DC agrees to rule on failure-to-pay
2 years ago
Yuzhou Group is under consideration as a default trigger for CDS contracts, after the Asia Ex-Japan Credit Derivatives Determinations Committee agreed to rule on failure-to-pay question -
Caution returns to credit trading following tech sector rout
2 years ago
After a strong Tuesday session, financial markets are taking a more cautious step back on Wednesday amid returning inflation concerns and following a weak session for Chinese tech stocks -
Determinations Committee agrees to rule on first credit event question in 10 months
2 years ago
Credit event triggers are back on the market's list of discussion points for the first time since February, with the Determinations Committee having agreed to rule on an Asian failure to pay question -
Reality check for credit as omicron research timeline extends
2 years ago
Another dose of harsh reality has sunk into financial markets on Tuesday, as investors continue to reappraise the impact of tightening travel restrictions and the timeline for pharmaceutical work to address the omicron covid-19 variant -
US travel, energy and retail credits take big hit as variant rout extends
2 years ago
The widening trend in credit is extending as the weekend approaches, with US spreads picking up the baton from Europe's earlier surge -
"No-one talks about the part oil price surges played in the 2008/9 global financial crisis"
2 years ago
Investors eyeing inflation shocks and supply chain disruption should instead be paying attention to the brewing energy crisis -
Real estate relief boosts high yield but retail rout gathers pace
2 years ago
A mixed week for credit has taken German real estate company Adler back to safer levels while sending two supermarket retailers further into the realms of most risky in the iTraxx Crossover universe -
China crackdown and Fed meeting rattle nerves
2 years ago
Credit spreads widened as financial markets began the week on a less certain footing amid panic stock selling in China and a retreat to treasuries ahead of the US Federal Reserve two-day monetary policy meeting -
Spread compression resumes with US passing key milestones
3 years ago
Credit markets have resumed their crunch tighter today, with an absence of any obviously negative brakes to offset strengthening Asian industrial numbers and applications by vaccine makers for emergency approval in the US and Europe -
Investment grade rallies hard on hopes of end to US deadlock
3 years ago
In a change from the recent trend investment grade credit is the front mover today, playing catch up on high yield as the market-wide rally gathers pace -
Primary pumped as Trump gazumped and vaccine hopes jump
3 years ago
A 'yuge' rally is underway in credit markets today, with optimism over Joe Biden's apparent victory in the US presidential election turning to elation following a big covid-19 vaccine breakthrough -
Credit retreats from tights as central banks offer reality check
3 years ago
European credit is following Asia wider today, picking up from where the US left off yesterday as the Federal Reserve vowed to keep overnight rates near zero for the coming years -
Fund performance: Credit funds post double-digit gains
3 years ago
June returns have once again been led by CLO funds, as seven out of the top 10 belong to our CLOs category. -
European credit converges further with US after White House stokes coronavirus dispute
4 years ago
The mood hangs heavy in credit markets as the week begins, with the US having ramped up its war of words with China over the origin of coronavirus and much of Europe returning from 1 May holidays to catch up on Friday's move wider -
Europe/US credit gap extends as coronavirus curves part ways
4 years ago
The gap between European and US credit performance is widening as hopes rise in Europe the spread of the coronavirus could be slowing even as its impact extends in the US
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