Refine Search
Article Categories
Strategy Tags
- Direct lending (150)
- Emerging markets (283)
- Investment grade credit (761)
- Structured credit (196)
- CLO (237)
- Distressed debt (495)
- Credit derivatives (remove)
- Leveraged loans (327)
- Marketplace lending (27)
- Real assets (112)
Geography Tags
-
Autos dominate in BofA €25 billion fallen angel watchlist
3 years ago
Downgrade impact for fallen angels in the coming months could be more extreme than during the 2008 financial crisis, Bank of America strategists have warned, as they identified €25 billion worth of debt at European investment grade companies most at risk of falling into high yield territory -
Diamond set to be fourth CDS auction in May
3 years ago
An auction to settle CDS referencing Diamond Offshore Drilling will take place on 22 May, the Americas DC has said, adding to auctions earlier in the month for Whiting Petroleum, Frontier Communications and Ecuador -
Ecuador CDS gaps tighter as it heads to credit event auction
3 years ago
CDS referencing Ecuador sovereign bonds are rallying sharply, just as the Americas Determinations Committee set a date for them to be settled at a credit event auction -
Selecta and Southwest battered as market trades flat as a pancake
3 years ago
Single name credit movements are taking focus as market volatility abates, with Selecta Group and Southwest Airlines earnings putting them among the biggest wideners -
Europcar on the move with Spanish and shareholder support
3 years ago
Europcar Mobility Group is among the biggest movers today in bonds and CDS, after the French car rental company obtained Spanish government support and shareholder Eurozeo confirmed it would take part in a financing plan -
HY tranche traders face another cut as Diamond hits the rough
3 years ago
US high yield index CDX HY has suffered its third constituent credit event in a month, after Diamond Offshore Drilling filed for chapter 11 protection in the Southern District of Texas. This is also the fifth default to hit on-the-run CDX HY tranches -
Ecuador has triggered CDS contracts, says Determinations Committee
3 years ago
Ecuador has triggered a restructuring credit event, the Americas Determinations Committee has ruled -
Airlines and banks lead way as credit rallies on aid measures
3 years ago
Airlines are getting the best of a positive start to the week, with hopes of financial assistance growing for European carriers and spreads generally pushing tighter after the Bank of Japan unveiled new stimulus measures -
Credit keeps its own rhythm amid oil crash and EU clash
3 years ago
As another week of worry and disappointment ends, the most optimistic thing that can be said for credit is the new peak spreads are lower than those that went before - suggesting a more manageable level of volatility is starting to characterise the market -
Matalan heads deep into distress
3 years ago
Matalan, the UK retailer, is heading deep into distressed territory with its five-year CDS surging wider today -
US/Europe relative value in play as oil prices stabilise
3 years ago
Tightening European credit indices today have added to the relative value trading opportunity with US counterparts ahead of that market's open -
Whiting CDS auction delayed as bonds slump to single digits
3 years ago
The Determinations Committee has voted to postpone by a week an auction to settle CDS referencing Denver headquartered exploration firm Whiting Petroleum -
Eight bidders line up for Lebanon CDS auction as Morgan Stanley joins
3 years ago
Tomorrow's auction to settle Lebanon sovereign CDS will have eight participating bidders, after the Determinations Committee voted to add Morgan Stanley to the list -
Market sell-off gathers pace as oil rout spills over into credit
3 years ago
Credit spreads are pushing wider across the board today, along with slumping stocks, after a crash in oil prices took WTI futures below zero for the first time -
Frontier CDS auction to follow Lebanon and Whiting Petroleum
3 years ago
An auction to settle CDS referencing Frontier Communications will take place next month -
Fortunes diverge for widest retailers as Crossover passes 500bp
3 years ago
CDS referencing Hema and Matalan, two of the riskiest constituents of iTraxx Crossover, have moved sharply in different directions amid a broad sell-off of Europe credit that takes the index back above 500bp -
Credit Rendezvous: recovery begins, but is it U, V or even W?
3 years ago
Investing in credit is not as easy as ABC. The coronavirus crisis has crushed valuations and although most assets will eventually pull to par, no one is sure how the recovery will pan out -
Extreme gap opens for basis traders as relief packages cause distortion
3 years ago
Evidence abounds for how government and central bank interventions in the coronavirus crisis are distorting credit markets, but one clear signal is the flip-around of the basis between corporate bonds and CDS in recent days -
Whiting initial list points to 90 cent CDS pay-out
3 years ago
Four bonds have made it onto an initial list of deliverable obligations for an auction to settle CDS referencing Whiting Petroleum, which triggered a bankruptcy credit event earlier this month -
Trouble brews for hard-hit credits despite improving optimism
3 years ago
Deutsche Lufthansa, Hema and Matalan are among credits pushing wider against the grain today as the European market tightens back within its recent narrower range -
Frontier triggers credit event but HY equity tranches outperform
3 years ago
Frontier Communications has triggered a bankruptcy credit event, the Americas Determinations Committee has confirmed. This is the fourth credit event to hit recently off-the-run index CDX HY series 33, on which on-the-run index tranches are based and for which recoveries have so far been very low -
Frontier bankruptcy dials up pressure for 90 CLOs
3 years ago
Nine CLO managers hold $217 million of Frontier Communications’ debt across 90 CLOs, as the telecommunications company filed for Chapter 11 protection in the US Bankruptcy Court Southern District of New York -
Matalan default risk jumps as market mood dampens
3 years ago
UK retailer Matalan is a big decliner today in bonds and CDS, as positive sentiment ebbs from the credit market after the recent strong rally -
Equity tranche hits stack up with Frontier Communications bankruptcy
3 years ago
One of the longest anticipated credit events in the US high yield universe appears to have come to pass, with Frontier Communications filing for chapter 11 bankruptcy protection -
Credit pulled in different directions as coronavirus relief opens political divisions
3 years ago
A cautious tone surrounds the return of European credit trading after the long weekend - and the Fed-package furore that ended last week. Today's lack of European credit direction comes despite big rallies in Asia, better stock markets and an EU agreement on Friday for €500 billion in stimulus measures
Want all the latest news, comment, analysis and data?