- Direct lending (48)
- Emerging markets (55)
- High yield bonds (188)
- Structured credit (63)
- CLO (56)
- Distressed debt (66)
- Credit derivatives (remove)
- Leveraged loans (63)
- Marketplace lending (22)
- Real assets (46)
Europe's grind puts IG decompression trades in scope21 hours ago
The gap between US and European investment grade CDS indices has doubled this week from the tight end of its recent range, positing a possible entry point for compression trades
Fund performance: Credit funds post double-digit gains6 days ago
June returns have once again been led by CLO funds, as seven out of the top 10 belong to our CLOs category.
Credit funds at a glance (August 2020)6 days ago
A round-up of fundraising and people moves
Ucits at a glance: Ucits funds march on and erase Q1 losses6 days ago
95% of Ucits credit funds listed with Creditflux posted positive returns in June to keep up the momentum from May when all but one fund was in positive territory
Credit hedge funds (August 2020)6 days ago
Monthly credit hedge fund tables
Rampant technicals push cash and CDS in different directions6 days ago
Central bank interventions, primary market issuance and high yield defaults have conspired to create major distortions in credit performance, which sources say are ripe for opportunistic trading.
Banks and high yield corps lead charge as results prompt European rally7 days ago
High yield corporate credit is today's outperforming part of the market as European credit rallies back from its recent wides, as the latest round of earnings proves stronger than many had expected
High yield traders take stock amid Crossover/HY compression14 days ago
A convergence trade is underway this week in the high yield credit market, with US index CDX HY reaching its nearest level versus European counterpart iTraxx Crossover since the start of June
First movers in focus for CDS as market grinds to new tights20 days ago
First is the operative word in corporate credit movers this week, with UK transport firm Firstgroup leading European CDS improvers while FirstEnergy Corp heads the worst performers in the US
Shot in the arm for US credit as vaccine results prompt outperformance27 days ago
US credit markets have gained a chance to catch up with European improvement this week, after positive results from a coronavirus vaccine test prompted US outperformance, particularly in high yield
Credit Rendezvous: record fiscal stimulus provides pick-me-up28 days ago
Credit markets had a mini bounce-back in the second quarter as central banks poured cash into the economy. But there is great uncertainty about the effects of a second wave of coronavirus. As part of our quarterly report on credit - the Credit Rendezvous - Creditflux spoke to experts across 12 segments of the credit market
US/Europe gap widens as states roll back reopening plans29 days ago
Decoupling of US and European performance is the stand-out feature of credit this week, in which fears of a pandemic second wave and further US/China wrangles hold market improvement in check
Europe leads opening rally, with Asian boost to autos, banks and commodity traders1 month ago
A bullish tone in Asia around the economic recovery from the coronavirus pandemic has carried over into the rest of the credit market at the start of the week, taking European spreads tighter and pointing to a solid opening for the US after its long weekend
Europe outshines US despite caution on inflows and second wave1 month ago
A week characterised by lower volatility and awash with returning European high yield issuance is ending on a cautious tone, with the US market on holiday and 'second wave' covid concerns bringing a pause to the credit rally
Curves and skews come back into play as CDS volumes swell1 month ago
The rapid growth of the CDS market during the coronavirus pandemic has been consolidated in the second quarter, with investors putting on trades not seen in such volume since the 2008 financial crisis.
Fund performance: CLO funds keep up the momentum for second month running1 month ago
May returns have been led by continued momentum from CLO funds. In the last month, funds that invest in CLO notes in some capacity have made up 90% of our top 10, while 97% of funds listed generated positive returns - an improvement of 15% on last month's figures.
Credit funds at a glance (July 2020)1 month ago
A round-up of fundraising and people moves
Ucits at a glance: Ucits recover lost ground1 month ago
The foot has come off the gas for many funds - 57% of funds did not break the 2% return barrier.
Index tranche volumes go into overdrive as CSOs stall1 month ago
CDS index tranche trading has gathered pace during the coronavirus pandemic, putting the asset class on course for a post-2008 crisis record.
US swaps rule relaxation brings underperformance of bank CDS1 month ago
US Federal Reserve changes to the Volcker rule has caused bank stocks to surge, but credit market perceptions are less positive
Lufthansa climbs as shareholder airs bailout grievances1 month ago
Deutsche Lufthansa is among today's biggest underperformers in credit and stock markets, as a battle brews with its largest shareholder over the terms of a €9 billion government bailout for the airline
US jitters set in ahead of monthly options expiry1 month ago
A gap has opened up again in the performance of European credit versus US ahead of this month's CDS options expiries, after a shakier trading session in New York yesterday
Deutsche Bank hires CDS index and single name trading head1 month ago
Deutsche Bank has bolstered its CDS market making capabilities with the hire of a head of US index and single name trading.
Big reverse rally as hopes rise for US stimulus1 month ago
Credit markets are rallying sharply today, along with rising stocks, on expectations the US is about to deliver another stimulus package to help address the damage caused to its economy by covid-19
Relief rally follows relative value trading on US/Europe credit and tranches2 months ago
Credit markets look set to end the week on a cautious retracement tighter, after several sessions of heavy reminders the coronavirus crisis is far from over and that sector/geographical selection remains important
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