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Riskiest names lead US credit rally as big number looms
2 years ago
US companies at the wider end of the high yield market have led the market's repositioning rally ahead of Wednesday's key inflation numbers, as investors brace for what could be a directional signal for Federal Reserve policy -
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 -
Adler spreads return to earth as TUI gains altitude
2 years ago
German real estate company Adler is among stronger performers as credit markets strike an improved tone on Tuesday, while travel company TUI is an outlier to the wide side -
It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter
3 years ago
“CLOs are lagging” has been a much repeated refrain over the last nine months. But Carlyle Group has this week produced a US CLO that has dragged spreads to their tightest point in three years so that, rather than comparing CLOs to pre-covid levels, they should be assessed against early 2018 -
High yield has primary bonds more than Georgia on mind in third day of underperformance
3 years ago
European high yield credit is on a run of underperformance as the first signs of primary market bond issuance appear, with spreads widening for a third day straight against improvement in other asset classes -
French and travel names lead sell off as UK widens quarantine list
3 years ago
European credit is pushing wider at the end of the week, following the UK's decision to remove France, the Netherlands and other countries from its list of those safe to travel to without quarantine -
Bankrupt Hertz runs out of gas with CLOs holding $245 million
3 years ago
CLOs hold $245 million of Hertz’ debt as the US-based car rental company drives into bankruptcy protection, with the coronavirus panedemic putting brakes on the Estero, Florida-headquartered's firm car rental operations -
US loan trading: McDermott downgrade leads to CLO outflows as managers board rail road firm
4 years ago
US freight railroads operator Genesee & Wyoming allocated its $2.55 billion term loan in November, making it the most popular issuer in the month. And CLO managers were sceptical of the outlook for McDermott Technology - signalled by $185.9 net outflows - after Moody's downgraded its corporate family rating from B3 to Caa2 -
CLO managers on alert as five credits drive Crossover index rout
5 years ago
Five constituents of iTraxx Crossover have hit big bumps this week, fuelling a noticeable underperformance of the European credit default swap index against its US counterpart yesterday in a reversal of the recent trend -
KKR's private credit fund fund targets Hong Kong and now South Korea
6 years ago
KKR has raised $301.1 million for its KKR Private Credit Opportunities Partners II (EEA) LP fund, which appears to be targeting Asia-based investors -
Credit market snapshot: spreads widen as ECB puts action on hold
9 years ago
Credit spreads move wider as European markets accept quantitative easing may be a way off -
Equity falls out of fashion for Jones Group takeover
10 years ago
Private equity firm slashes equity for debt in takeover plan for fashion firm -
Credit market snapshot: the recovery continues
10 years ago
Credit markets finish week with strong gains, especially in non-financial names -
Credit market snapshot: spreads jump tighter as ECB readies for action
10 years ago
Markets get boost as ECB chairman sets out conditions needed for further policy action ahead of data next week -
DuPont spin off reassures investors
10 years ago
US chemicals firm halts spread widening with intention to sell off profitable but slow growth performance chemicals segment -
Peugeot-Dongfeng tie up is only a sticking plaster claims BNP Paribas
10 years ago
Research from BNP Paribas claims that structural reforms are needed at French car manufacturer -
Credit market snapshot: European markets wait for the US
10 years ago
Markets stand still while the US takes a holiday, with few signs of life either side of the Atlantic -
Credit market snapshot: Late gains bring spreads in for the week
10 years ago
A rally at the end of last week saw credit spreads finish tighter after leaking wider most of the week -
Credit market snapshot: US spreads tighten on Yellen effect
10 years ago
Nomination of Janet Yellen to be head of the US Federal Reserve sends US spreads tighter -
Credit market snapshot: US pushes wider as shut-down drags on
10 years ago
Markets begin to tire of the novelty of a US shut down and start to push wider -
Credit market snapshot: financials tighten as cash yields stay flat
10 years ago
Cash yields end week flat, while financial indices tighten strongly -
Credit market snapshot: credit tightens despite shutdown
10 years ago
Credit had a strong day despite the US government beginning a shutdown and cutting services -
Credit market snapshot: late rally leaves spreads flat
12 years ago
A late rally in the US left credit markets flat yesterday. Europe is staging a small catch-up rally this morning -
Sovereign rally gathers pace on Spain and Italy auctions
13 years ago
Today’s trading session has seen a significant rally in European sovereign credit spreads -
Credit growth puts interdealer brokers neck and neck
14 years ago
Interdealer Icap reported 22% growth in credit brokerage revenues in the year ending March 2009 compared to the previous year
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