Refine Search
Article Categories
Strategy Tags
- Direct lending (4)
- Emerging markets (24)
- High yield bonds (81)
- Investment grade credit (55)
- Structured credit (16)
- CLO (12)
- Distressed debt (26)
- Leveraged loans (20)
- Synthetic/SRT (remove)
- ABL Financing (2)
Geography Tags
-
AXA wins USD 400m for SRT strategy from US pension fund
14 days ago
The growing global demand for SRT transactions was confirmed yesterday with an announcement from AXA IM Alts that it had been awarded a USD 400m investment mandate from a US pension fund -
CSO momentum builds as focus turns to fundamentals
Collateralised synthetic obligations (CSOs) have proved to be a bright part of the credit market in 2022. And participants are daring to dream the coming year will be one of the asset’s busiest. -
Buy-out rumours send US high yield company back to January spread levels
1 year ago
Not many single name credits are ending 2022 at the same spread levels they entered the year, but one US high yield company has that profile after its rally of the past three weeks picked up speed following buy-out rumours -
Powell outlook brings risk buyers out in droves, but reality check looks soon to follow
1 year ago
Comments by US Federal Reserve chairman Jerome Powell on Wednesday on the pace of future rate hikes have prompted a sharp rally across global financial markets, including credit. But dissenting voices have already begun to point out the enthusiasm is likely overdone -
Credit Suisse spreads hit year's new wides
1 year ago
Protection buying against a Credit Suisse default has taken the bank’s five-year CDS to the widest levels of the year, with the front end of the curve increasingly inverted -
Europe regains momentum versus US despite bank concerns
1 year ago
European outperformance is extending this week, taking investment grade and high yield spreads alike to their tightest prints since June relative to their US peers. But Credit Suisse remains a blot on Europe’s record as the bank’s short term risk levels continue a worrying trend -
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 -
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 -
US lags as midterms, dollar and global slowdown weigh against broader rally
1 year ago
European and Asia outperformance over the US is extending at pace at the start of the week, with a strong improvement in spreads coming ahead of the New York market open -
High yield markets win big in 2022’s love-letter to CDS
1 year ago
Tradeable credit assets have suffered a rough year for liquidity and returns, but credit derivatives are among a small group of products defiantly enjoying a bumper year. -
Surge in hedging sends credit spreads to year's wides
1 year ago
A busy and bearish week is ending with credit spreads surging beyond their previous widest levels of the year, with Italian elections this weekend adding to caution in Europe after a string of central bank policy decisions reshaped the global economic outlook and the UK government scrambled to address rising energy costs -
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 -
Big push wider for credit index spreads as traders navigate challenging roll
1 year ago
The roll of CDX and iTraxx credit indices is proceeding, with traders scrambling to respond to a big shift in relative dynamics between the US and Europe following London's long weekend -
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 -
Turkey stuffs investors with surprise rate cut
1 year ago
Turkey’s rollercoaster ride in debt markets is on another upswing to vertiginous spread levels, with the country having shocked participants with a counterintuitive rate cut -
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 -
Market rides out China-US fray with oil, rates and jobs back in focus
1 year ago
US and European credit markets are exhibiting a firmer tone on Wednesday, with investor focus having shifted from Taiwan concerns to Opec+ oil supply. But a looming Bank of England rate hike and US jobs data mean caution remains the watchword -
Euro credit drives wider as currency hits parity with dollar
1 year ago
Caution ahead of the latest US inflation numbers, weakening commodity prices, and the euro falling to within touching distance of the dollar have taken financial markets on another downwards push, with European credit again an underperformer -
Mixed signals abound but European weakness persists
1 year ago
European financial markets are losing further ground against the US in a cautious start to the week, as the euro approaches parity with the dollar for the first time and latest data supports the Federal Reserve maintaining a hawkish approach to policy -
A&M makes securitisation breakthrough with SRT for Polish bank
1 year ago
Alvarez & Marsal says it has completed its first securitisation as sole arranger after completing an SRT referencing a pool of housing community loans -
"The shutdown of economies in the pandemic showed it’s better to suffer up front"
1 year ago
Rather than prolong the agony, central banks would be better off bunching their planned rate hikes into one -
Fund outflows extend despite sharp improvement in credit performance
1 year ago
This has been a much better week for credit and equity market performance than last, but that has not stopped the tide of investors looking to withdraw their money from funds for such risk assets -
CLO managers in the mix for first US credit event auction since 2020
1 year ago
CDS contracts referencing Talen Energy Supply will be settled by credit event auction next month. And Talen's recovery levels will have relevance for a number of CLO managers that have held onto the company's debt - in some cases having bought more very recently -
Talen triggers first index-hitting credit event since Europcar
1 year ago
Talen Energy Supply has triggered a bankruptcy credit event, the Americas Credit Derivatives Determinations Committee has ruled, making this the first default to hit US high yield index CDX HY since September 2020 and the first to hit a CDS index since January last year -
CDX HY faces first constituent default since 2020
1 year ago
The Americas Credit Derivatives Determinations Committee has accepted a request to rule on a CDX HY index constituent default - the first it has faced in the US since mid-2020
Want all the latest news, comment, analysis and data?