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Chemical co beats widening blues as earnings and inflation drive sell-off
2 years ago
Ineos Group leads a small group of tightening credits that are bucking widening pressure in what is turning out to be a negative end to a choppy week -
LP round up: big name managers win direct lending mandates amid $1.5 billion allocations
2 years ago
Apollo, Ares, Barings and CVC were among the beneficiaries of the direct lending rush in May -
It's all relative: CLOs march tighter as macro traders open positive CDS skews
3 years ago
Credit default swaps are back near where they started the year after giving up their early-February gains amid a rise in government bonds. CDS curves steepened over the past month and macro hedging has left indices trading with positive skews. But CLOs paint a calmer picture in which spreads have inched tighter -
It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally
The corporate credit rally in January is notable because some assets tightened to levels not seen in over a decade (loans), others rallied albeit with a lag (CLOs) and the most liquid stream of credit (CDS indices) defied moves in other asset classes to widen
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2020 wrap: CLO funds bloom despite rocky ground
3 years ago
2020 was a busy year for CLO fundraising, with Creditflux recording at least 30 funds that launched over the 12 months to invest across the CLO capital structure -
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 -
JC Penney bankruptcy weighs on CLO and CDX HY baskets
4 years ago
CLO managers hold nearly $250 million of the debt of JC Penney, which filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on Friday -
‘Ex’ index trades take off as dispersion peaks
4 years ago
A gap is yawning between how the weakest constituents of CDX HY and iTraxx Crossover trade versus their broader portfolios, leading investors to find new ways to hedge and capture idiosyncratic risk. -
San Diego pension fund approves $100 million for real estate credit fund
6 years ago
San Diego County Employee’s Retirement Association has approved a $100 million commitment to a new real estate credit fund -
Brookfield exceeds target as it closes inaugural infrastructure debt fund
6 years ago
Brookfield Asset Management has announced the final close on its inaugural Infrastructure Debt Fund, with aggregate equity commitments of approximately US$885 million -
Canadian property manager announces fund close at $3 billion
6 years ago
The alternative asset management firm, Brookfield, committed $400 million to the vehicle -
Near-term uncertainty causes Deutsche's CDS curve to invert
7 years ago
Deutsche Bank's credit default swap curve inverted on Monday for only second time in history as its one-year contracts cost more than its five-year contracts -
Credit market snapshot: credit recovers after weak start
10 years ago
Credit markets end day largely unchanged with high yield continuing to outperform -
Credit market snapshot: Fed policy cancels out index rolls
10 years ago
The Fed’s non-taper sends spreads tighter, cancelling out the widening from indices rolling into new series -
Credit market snapshot: Europe catches up on widening
10 years ago
European credit moves out to catch up with the US after a day off from market widening -
Credit market snapshot: European high yield hit takes a hit
10 years ago
Crossover names underperform amid market wide selloff as Fed minutes offer few clues to tapering -
Credit market snapshot: week ends wider despite Friday rally
10 years ago
A rally on Friday erased much of the losses on what was otherwise a very poor week in credit markets -
Credit market snapshot: US high yield underperforms on flat day
11 years ago
Credit spreads stayed relatively flat yesterday but US high yield names underperfomed -
Credit market snapshot: corporate spreads widen in new roll
11 years ago
Credit spreads widen into the new series of indices, but financials start new series tighter -
Volatility eases after Germany's CDS bombshell widens bid/offers
14 years ago
Credit markets have made a slight return tighter after earlier volatility in the wake of Germany’s decision to ban traders from naked credit default swap protection buying -
ABS CDO bwic considered worthless by some
15 years ago
ABS CDO bwic considered worthless by some -
LCDX tranche trading pushes correlation to new extremes
16 years ago
LCDX tranche trading pushes correlation to new extremes -
Sainsbury rallies as Delta seeks more funding
16 years ago
Single name credit Sainsbury tightened by around 15bp to 265/280bp this morning on news that bidding investment company Delta Two is seeking an additional £500 million of equity funding from its Qatari backers -
EMI CDS blows out on deliverables speculation
16 years ago
EMI CDS blows out on deliverables speculation -
Wendy's CDS blows on Peltz bid
16 years ago
Five year CDS in Wendy's has extended 25bp to 265/295bp on the news today that Peltz is considering a buy of troubled Wendy's.
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