Refine Search
Article Categories
Strategy Tags
- Direct lending (124)
- Emerging markets (127)
- High yield bonds (475)
- Structured credit (139)
- CLO (133)
- Distressed debt (159)
- Credit derivatives (409)
- Leveraged loans (173)
- Marketplace lending (27)
- Real assets (92)
Geography Tags
-
US and European gov yield rise spooks credit market
22 hours ago
Credit markets took a decisive shift wider on Thursday, as rising US and European government bond yields rattled investors despite the European Central Bank signalling it will take a flexible approach to bonds to prevent fiscal tightening -
February credit gains wiped out as inflation fears rise
3 days ago
A successive move wider in spreads on Tuesday is taking credit back to start of February levels, as investors try to weigh inflation concerns and a US tech stock rout against reopening economies and advancing commodity prices -
Rates moves points to credit improvement, say BofA strategists
7 days ago
Focus on the rates market and the future direction of central banks has brought jitters back to credit in recent weeks and had a chilling affect on bond total returns. But higher government yields could end up being good for credit, say Bank of America strategists -
Italian banks widen sharply as risk-on drive falters
9 days ago
Italian banks are among Wednesday's underperformers as single name credits play catch up with a shift wider in indices, amid signs the recent bull run is petering out -
Europe resumes rally in US absence with Italian spreads hitting new records
11 days ago
Caution about a possible Draghi bubble looks to be a rare commodity, as Italy sovereign and bank spreads are once again among the biggest improvers in a buoyant start to the week -
BlueBay adds to PM roster with promotion in London
11 days ago
BlueBay Asset Management has promoted a member of its investment grade credit team to portfolio manager -
Draghi support keeps Italy in driving seat as markets slow
14 days ago
A cautious tone has re-entered the credit market ahead of the long US weekend, with spreads edging wider along with softening stocks and oil prices. But some Italian credits are bucking the trend -
Compression trades grind into gear as spreads narrow
15 days ago
Compression between high yield and investment grade credit looks to be finally gaining traction in February, having been identified by some strategists at the start of the year as a key 2021 theme -
Redhedge launches European relative value fund with an eye on pair trades
15 days ago
Redhedge Asset Management has launched a Ucits version of its relative value credit strategy -
Curve steepeners gain ground with inflation in focus
16 days ago
Credit performance this week has done little for market-directional trading strategies, but one area gaining traction beneath headline numbers is the steepening of curves -
Credit returns to year-opening levels as bulls score five out five
21 days ago
Credit markets are on course for their fifth straight day of improvement, with CDS index spreads not only undoing last week's volatile move wider but regaining the tight levels at which they began the year -
It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter
21 days ago
“CLOs are lagging” has been a much repeated refrain over the last nine months. But Carlyle Group has this week produced a US CLO that has dragged spreads to their tightest point in three years so that, rather than comparing CLOs to pre-covid levels, they should be assessed against early 2018 -
Credit trends wider as it makes bad first compression in 2021
22 days ago
With credit spreads starting the year close to the absolute tights they reached in early 2020, investor emphasis is heavily on relative value. But so far the most signposted of these trading strategies are failing to perform, while market-neutral opportunities have greatly diminished -
High yield credits play catch up as central banks put brakes on bull run
22 days ago
High yield single names gained attention on Thursday, as financial markets took a breather after three days of improvement to digest UK and China central bank policy signals -
Biden buzz highlight's credit's growing pains
22 days ago
Stimulus and a “reflationary window” are the dominant themes of early 2021, particularly in the US, and they will favour growth assets over credit in the near term, say investors. -
Italy gives short-lived succour to credit short strategies
22 days ago
Events in Italy last month showed there is still opportunity for nimble short strategies in credit despite the weight of technical factors pushing down spreads -
Credit funds at a glance (February 2021)
22 days ago
A round-up of fundraising and people moves -
Fund performance: CLO funds keep up momentum as Napier Park finishes top
22 days ago
2020 ended with funds in our CLOs category taking the top few spots -
Ucits at a glance: Advent ends calendar year on top
22 days ago
Ucits ended 2020 on the rise as 89% of funds achieved positive returns in December -
Credit hedge funds (February 2021)
22 days ago
Monthly credit hedge fund tables -
Italian credits lead race tighter as Super Mario eyes new mission
23 days ago
Italian sovereign, bank and corporate spreads are in the spotlight today, after the country's president Sergio Mattarella asked former European Central Bank president Mario Draghi to lead a government in the wake of Giuseppe Conte's coalition collapse -
It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally
The corporate credit rally in January is notable because some assets tightened to levels not seen in over a decade (loans), others rallied albeit with a lag (CLOs) and the most liquid stream of credit (CDS indices) defied moves in other asset classes to widen
-
Silver squeeze reaches credit in brighter trading mood
25 days ago
Financial markets are beginning the week and the month in a more positive mood after a volatile end to January. But retail investor power - the bane of hedge funds last week - is again exerting an influence that permeates through to credit -
Credit grasps for stability after midweek swoon
28 days ago
Credit markets look to have regained some composure at the end of a rocky week, with indices flattening out despite a continuing decline in stocks -
US looks for stronger open after sell off
29 days ago
US credit is opening slightly stronger on Thursday, after its sharp Wednesday rout, prompted by Federal Reserve messaging, carried over forcefully into Asian and European markets
Want all the latest news, comment, analysis and data?