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UniCredit suggests negative basis trades on Volvo
Wednesday, September 23, 2009
UniCredit analysts recommend in their credit research today two negative basis trades with Volvo: buy Volvo’s 2012 bond and the three-year credit default swap at 220bp; buy Volvo 2014 bond at 330bp and its five-year CDS at 265bp.
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Structured
Issuers
CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
