News

Toronto-Dominion battles for UK survival after pricing blunder
JP Morgan pulls plug on deal for Prytania CDO model
XL Capital Assurance dissolves CDO team
Deferrals and correlation put trups CDO ratings under the spotlight
Volatility encourages active credit trading in financials
RBS looks to off-load Brushfield
Japanese CDS volumes rise quickly as risk of defaults increases
Regional bank reclassifies CDO holdings to avoid mark-to-market
Growth of “no colour” trading holds back secondary CDO liquidity
Rising default risk triggers growth in recovery trading across the board
Kelda refinancing plans create uncertainty over CDS
Defaults spike points to turn in credit cycle
CDS compression service set to test dealers’ back-office systems
Single name bets prompt tranche steepener trades
Five funds added to Creditflux list

Comment

Old-fashioned pain still reigns in Spain
How to stand up to parliamentary scrutiny

Analysis

Bond funds go hunting for value
The French revolution

Profile

Keeping calm in credit

Deals

Robeco spots value as it seals first structured credit deal since 2004
Managers team up on new CLO of first-lien loans
“Resecuritisation” offers tempting yield