Refine Search
Article Categories
Strategy Tags
- ABS (1)
- Direct lending (8)
- Emerging markets (11)
- High yield bonds (62)
- Investment grade credit (48)
- Structured credit (27)
- CLO (15)
- Distressed debt (10)
- Leveraged loans (24)
- Synthetic/SRT (65)
- ABL Financing (5)
Geography Tags
-
Dealers zero in on pair of managed CSO formats
4 years ago
The eagerly awaited introduction of ‘managed’ CSOs is getting closer, with hopes still alive for an inaugural deal before the end of March and consensus forming around two alternative approaches. -
Credit traders’ kickstand: primary market flood gives basis for relative value
4 years ago
A deluge of investment grade bond supply in the first two weeks of the year has weighed on the spread basis between the cash market and CDS, leaving opportunities for traders who believe this dislocation should correct over the coming weeks -
Oil supply concerns grease CDS relative value trade
4 years ago
With credit spreads having begun 2020 circling post-crisis tight prints, there is not much room across the market for improvement and plenty of susceptibility to jitters. But at least one CDS index shows scope to narrow further and could form part of a relative value trade -
CSO arrangers look to build on $65bn of issuance in 2019
4 years ago
The synthetic bespoke tranche market this year has fallen short of expectations in terms of overall issuance volume, but ends with transformative inroads being made. -
No 2020 recession, cyclical bonds will outperform and CLOs won't crash, says BNP Paribas
4 years ago
There will not be a recession in 2020 and investors should stay long credit with the expectation that high yield cyclical and non-financial borrowers will outperform in a bullish market, BNP Paribas strategists have confidently predicted -
Macquarie appoints ex-UBS official to build new asset-based finance business
4 years ago
Macquarie Capital is building a asset-based finance platform has appointed ex-UBS official to lead the new group -
Political risk puts December in focus as CDS investors play index volatility
4 years ago
Selling implied volatility has been prominent among CDS investors since last month’s iTraxx and CDX index rolls, says BNP Paribas in a research piece, with December a popular point of focus for trades -
Arrival of five-year bespokes draws in CLO investors
4 years ago
Synthetic bespoke tranches are undergoing a major shift, with dealers projecting five-year business to supersede previously dominant shorter tenors by the end of 2019. -
Credit traders' kickstand: Trump gives Europe the ghoulies as single B spectres haunt CLOs
4 years ago
Trade tariff terrors and things that go triple C rated in the night are top of the list of items spooking credit market sentiment at the end of this week -
Bespoke gains pull CLO buyers as market tipped to hit $100bn
5 years ago
Synthetic bespoke issuance could catch up with the more visible CLO market this year, say structured credit specialists -
Triple B fightback has begun, says BNP Paribas
5 years ago
Fallen angel risk – the possibility that a wave of triple B credits could be cut by rating agencies to sub-investment grade – should begin to decline, according to strategists at BNP Paribas -
Credit spread improvement is calm before the storm, warn strategists
5 years ago
European and US credit markets have begun 2019 with a more buoyant tone than they ended 2018, but strategists warn that bearish factors still outweigh and suggest the overall direction of spreads this year is likely to be wider -
Cash-CDS basis set for comeback after "falling knife" mishap, predicts BNP Paribas
5 years ago
The beginning of 2019 should revive interest among credit investors to trade the basis between cash bonds and credit default swaps, according to BNP Paribas strategists – following what they term “falling knife” dynamics in this year’s fourth quarter -
Dealers show appetite to retain tranches amid CSO growth
5 years ago
There are increasing numbers of dealers involved in the CSO market and their approach to issuing bespokes is evolving, attendees at Creditflux’s Credit Dimensions conference heard last month. -
BNP Paribas hires to its loan sales team in London
5 years ago
BNP Paribas has added to its loans sales team in London with an experienced hire -
BNP Paribas hires global credit strategy head
5 years ago
BNP Paribas has appointed a global head of credit strategy and desk analysts. -
BNP Paribas reorganises US credit business and appoints leveraged finance head
5 years ago
BNP Paribas has integrated its existing US primary and secondary credit units under a single new entity known as global credit markets Americas -
LCH expands into US with CDSClear as JP Morgan goes live
5 years ago
CDSClear, the Paris-based credit default swap clearing house of LCH, has expanded its reach into the US with JP Morgan becoming the first US bank to offer client clearing -
Former BNP Paribas global credit head lands new role at Chenavari
6 years ago
A former global head of credit markets at BNP Paribas has been appointed as head of strategic development at Chenavari Credit Partners -
Cigarette break: Dutch manager excludes tobacco investments from fund line
6 years ago
Robeco has become the latest asset manager to oust tobacco investments, making the exclusion from its entire mutual fund line -
BNP Paribas entity winds up debt fund after falling short of AUM requirements
6 years ago
BNP Paribas Asset Management India has wound up an open-ended mutual fund that was launched in 2013 to invest in government securities issued by central and state government -
BNP Paribas adds experienced fund financing specialist to its Paris offices
6 years ago
BNP Paribas has hired an experienced professional to its fund financing team. The new recruit will cover loan funds -
New tailored credit index tranches draw in private bank investors
6 years ago
A new product aimed at private banks is quietly taking off in the synthetic structured credit space -
BNP Paribas pushes Isda to act as Noble triggers CDS uncertainty
6 years ago
BNP Paribas has pressed Isda to take action as Asian credit derivative markets grapple with a messy default by Hong Kong-based Noble Group -
BNP Paribas hires to its ABS syndicate team in London
6 years ago
Credit sales specialist reunites with former colleagues ahead of a move to BNP Paribas
Want all the latest news, comment, analysis and data?