Bond selling pushes down Argentina CDS auction final price
An auction on Friday to settle Argentina sovereign CDS returned a final price of 31.5 cents, three points lower than initial bidding due to a large physical settlement interest to sell bonds

Argentina auction deliverables list points to lower recovery than CDS
Over 30 bonds have made it onto an initial list of deliverable obligations for an auction next week to settle Argentina sovereign CDS. These notes are mainly denominated in US dollars and euros, but some also in Japanese yen and Swiss francs

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

Argentina triggers failure-to-pay credit event
Argentina has triggered a failure to pay credit event on its sovereign CDS, the Americas Determinations Committee has ruled

Fund performance: CLO tranches move up
April returns managed a partial bounce back after a tumultuous March. 82% of funds listed in the Creditflux database made positive returns, showing at least small signs of recovery after 90% of all funds listed posted negative returns in March

Ecuador auction settles CDS at 34.9 cents
A credit event auction to settle Ecuador sovereign CDS produced a final price of 34.88 cents, closely reflecting where bonds had been quoted beforehand

RBC makes it three CDS auctions in a row after debuting this month
Morgan Stanley and Royal Bank of Canada have been added to the list of participating bidders this week for credit event auctions to settle CDS referencing Ecuador and Diamond Offshore Drilling

Argentina retreats from wides as it allows more time on $65 billion question
Argentina sovereign CDS has eased back from its recent peak after the country extended the deadline to agree a debt restructuring with international bondholders

Ecuador auction final list points to 67 cents pay-out on CDS
A credit event auction next week to settle Ecuador sovereign CDS will have 10 deliverable obligations, according to a final list published by the Americas Determinations Committtee

Two managers beat 70 for £900 million emerging market bond mandate
LGPS Central has selected two external managers for its £900 million Global Active Emerging Market Bond Fund

Credit hedge fund returns: March 2020 stats
Monthly performance across credit hedge funds

Fund performance: Index tranche investors make it work from home
March brought a drastic drop in return figures as covid-19 swept across the globe, as Orchard tops the Creditflux performance tables

Credit funds at a glance (May 2020)
A round-up of fundraising and people moves

Ecuador CDS auction has 10 bonds with only three-cent range
There are 10 bonds on an initial list of deliverable obligations to settle Ecuador sovereign CDS at auction, with the cheapest of these likely to recover at less than 29 cents

Diamond set to be fourth CDS auction in May
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
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

Ecuador has triggered CDS contracts, says Determinations Committee
Ecuador has triggered a restructuring credit event, the Americas Determinations Committee has ruled

DC accepts Ecuador credit event question
The Americas Determinations Committee has agreed to rule on whether Ecuador has triggered a restructuring credit event

Credit Rendezvous: recovery begins, but is it U, V or even W?
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

US credit leads surge tighter on Fed package to close gap with Europe
What was already a much more positive week for credit has ended with a massive jump-start, as the US Federal Reserve unveiled a $2.3 trillion relief package targeting small businesses and municipalities but with additional support for bigger companies, including 'fallen angel' household names

Argentina has not triggered repudiation/moratorium credit event, rules DC
Argentina's decision to withhold payments on its 'AF20' bonds has not triggered a repudiation/moratorium credit event, the Americas Determinations Committee has ruled

CDX HY and EM trade with fresh legs after defaulted names drop out
New series of US high yield index CDX HY and emerging market index CDX EM begin their first full day of trading today, having replaced outgoing versions on Friday amid a weakening of credit markets due to the spreading impact of the coronavirus outbreak

Determinations Committee agrees to consider Argentina credit event
The Americas Determinations Committee has accepted a request to decide whether Argentina has triggered a repudiation/moratorium credit event, as the country grapples with international bondholders and the impact of a coronavirus lockdown

Creditflux newsletter delivered to your door
The last few weeks have affected the way everyone goes about their daily routine. To make things slightly easier for our readership, subcribers can receive the April Creditflux newsletter at their home addresses

Argentina credit event posed to DC as lockdown magnifies debt burden
The Americas Determinations Committee has been asked to rule on whether Argentina has triggered a repudiation / moratorium credit event, as the country's coronavirus lockdown further strains its wrangles with international bondholders