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Funds round up: private credit reaches for retail
2 months ago
A number of new credit funds launched last month to round out 2024's first quarter, including ones in Europe aimed at retail investors -
Fund performance
8 months ago
Positive August for credit sees CLO funds on top again -
Big banks see small changes in CLO holdings — but that may change in third quarter
9 months ago
The major bank buyers of CLO triple A notes saw limited change in their holdings during the second quarter, according to their latest financial statements -
Credit and commodities diverge after China abandons zero-covid approach
1 year ago
Markets present a mixed picture at the start of the week, with Europe – still processing Friday’s US jobs numbers – opening cautiously after China’s retreat from strict zero-covid policies boosts commodity prices but raises fears of an infection wave -
Swiss bank looks to plug holes but investors are hun-gruyere for risk
1 year ago
Credit Suisse is a rare, worrisome cloud in an otherwise brightening sky this week, as Europe extends its tightening trend in credit with the US standing at ease for the Thanksgiving holiday -
UK nerves rattle Europe/US relative value trades, as Hunt seeks to reassure investors
1 year ago
A palpable mood of trepidation on Thursday around the UK’s autumn budget has brought widening of credit spreads, with European indices giving back gains they have made in recent sessions versus their US counterparts -
Soft mood music abruptly dashed as Fed and BoE rile markets
1 year ago
The credit market’s strong run of improvement has come to an end this week, with the US Federal Reserve and Bank of England delivering a reality check to hopes of a more dovish path forward on interest rates -
Bruises start to swell, despite BoE pulling its punch
1 year ago
Market mood is growing uglier as the week progresses, with global investors increasingly looking for safety as the impact of central bank interventions combines with escalating fear over Russia’s campaign against Ukraine -
Russia and Ukraine debt recovery outlooks diverge as DC publishes auction lists
1 year ago
The credit event auction to settle Russian sovereign CDS will have eight bonds deliverable, while 15 bonds have made it onto a preliminary list for Ukraine’s auction -
Bulls extend credit improvement as oil falters at key level
1 year ago
Having hit their widest prints of the month on Monday, credit indices are extending their run of gradual improvement into a third day – but with investors wary of placing big bets ahead of Friday’s Jackson Hole meeting -
Credit catches brief reprieve after Fed takes spreads back to pain points
1 year ago
Credit markets are taking a pause from their bearish move, during which European indices once again passed key levels and investors tried to assess the implications of the US Federal Reserve’s July meeting minutes -
Spreads retreat ahead of pivotal US inflation report
1 year ago
Investors are holding their breath on Wednesday ahead of the latest US inflation numbers, with any change from last month’s reading likely to dictate a sizeable move in financials markets -
Fed gives boost to markets, but warm glow may wane fast
1 year ago
Financial markets are carrying over the rally they began on Wednesday, after the US Federal Reserve appeared to signal it could ease its foot off the pedal with future rate hikes -
Russia CDS auction deliverables list takes shape after sanctions licence
1 year ago
Russian Federation bonds cleared by Euroclear may be the only deliverable obligations to settle sovereign CDS contracts referencing the country, the Emea Determinations Committee has said, although it is also considering Clearstream listed bonds as it moves forward with preparations for a credit event auction -
Italian rout gathers pace as credit relationships warp well beyond historical norms
1 year ago
Renewed selling pressure on Thursday has taken credit spreads back towards the year’s wides, with financial borrowers underperforming as Chinese covid cases, US inflation and a drought in Italy all weigh on sentiment -
LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
1 year ago
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus... -
Property firm's troubles mount while rest of market rallies
1 year ago
Financial markets have opened the week brightly on a mix of improved sentiment and technical repositioning. But one European high yield company is heading further into stress, against the flow -
JP Morgan holds place as CLO market's largest noteholder
1 year ago
JP Morgan remained the world's largest CLO noteholder at the end of the first quarter, with $59.69 billion invested in the asset class as of 31 March - an increase of $1.11 billion from year-end -
Internet company triggers restructuring credit event at third time of asking
1 year ago
Yandex, the multinational internet and search engine company that predominantly serves Russian and Russian language users, has triggered a restructuring credit event -
Europe trades heavier than US as market baulks at new hikes
1 year ago
Credit spreads have resumed their push wider, with European indices once again under more pressure than their US counterparts -
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 -
Yandex posed to DC as restructuring credit event
2 years ago
Yandex, the multinational internet and search engine company that serves Russian language users, has been posed to the Credit Derviative Determinations Committee as a restructuring credit event -
Europe feels Arctic chill while currency and tech woes add to fear
2 years ago
European markets have again taken a bearish turn on Thursday, with Finnish Nato aspirations, the strengthening US dollar, persistent inflation and slumping tech stocks adding to investors’ deepening dismay -
Credit and equity retreat from extremes but oil slumps further
2 years ago
Financial markets are mounting a tentative recovery on Tuesday, having been hammered to new bearish extremes at the start of the week -
US / European high yield compression trades win as Fed unveils new hiking regime
2 years ago
The remarkable recent outperformance of US credit derivatives index CDX HY has reached a key juncture, with reaction to the Federal Reserve's announcements causing it to trade inside European counterpart iTraxx Crossover
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