Argentina rallies sharply as DC sets credit event auction date
An auction to settle Argentina sovereign CDS will take place next week, the Americas Determinations Committee has said

Fortress digests CraftWorks bankruptcy
CraftWorks Holdings filed for Chapter 11 bankruptcy yesterday, with Fortress Investments holding all of the Tennessee restaurant operator's first lien debt - of which over half is in middle market CLOs. The New York-based firm has submitted a “stalking horse” bid to buy CraftWorks' assets