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  • Oil supply concerns grease CDS relative value trade
    With credit spreads having begun 2020 circling post-crisis tight prints, there is not much room across the market for improvement and plenty of susceptibility to jitters. But at least one CDS index shows scope to narrow further and could form part of a relative value trade

    2 months ago
  • Reality bites after credit traders abandon Brexit hedges
    Rediscovered faith in the ability of the UK and European Union to reach an agreement before the 31 October Brexit deadline has helped fuel a surge tighter of credit spreads, led by UK financial names. But that break with caution faces an immediate reality check today, following admissions a lot more work is needed

    5 months ago
  • Go long CLO triple-A and pick cash bonds over CDS, says JP Morgan
    Going long European CLO triple A paper remains one of JP Morgan strategists’ favourite trades following the European Central Bank stimulus announcement last week, despite these tranches having rallied 14bp on average since the bank first backed them. They also predict cash credit to outperform CDS

    6 months ago
  • Buy iTraxx Europe equity tranche risk but sell Crossover mezz, says JP Morgan
    Investors should stick with ‘search for yield’ ideas in investment grade credit, say JP Morgan credit strategists, including selling iTraxx Europe 0-3% equity tranches delta hedged, going long the 10-year Europe index, and selling credit volatility through index options while buying equity market volatility

    7 months ago
  • Index tranches and Sub Fin basket among top picks after ECB meeting, says JP Morgan
    The European Central Bank’s statement that rate cuts will likely be paired with tiered deposit rates suggests a boost for the iTraxx Sub Financials index, as well as tier two and additional tier one bank bonds, says JP Morgan in latest credit research. The bank also advocates selling iTraxx Europe 0-3% tranches delta hedged

    8 months ago
  • Rising rates could boost AT1 bonds, finds JP Morgan
    Rising rates will have positive implications for additional tier one bonds, finds a note from JP Morgan's credit research team

    3 years ago
  • Investors allocate to European retail funds as bond issuance picks up
    US high yield retail outflows fail to discourage European bond issuance, according to a research note by JP Morgan

    3 years ago

7 results found Showing page 1 of 1

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