Refine Search
Article Categories
Strategy Tags
- Direct lending (7)
- Emerging markets (9)
- High yield bonds (remove)
- Investment grade credit (37)
- Structured credit (10)
- CLO (13)
- Distressed debt (23)
- Leveraged loans (20)
- Marketplace lending (1)
- Synthetic/SRT (remove)
- ABL Financing (7)
Geography Tags
-
Fund performance: European CLO funds lead the way
1 year ago
February was a positive month for many funds, as only one quarter failed to reach the black. This builds off a stellar start to the year: 96% of funds reached a positive return in January -
Deutsche hires credit strategy head from rival bank
1 year ago
Deutsche Bank has hired a new head to oversee European and US credit strategy -
Credit rally extends as investors welcome hawkish but clearer Fed message
2 years ago
Credit markets have carried their rally over to another day, fuelled in part by what investors have interpreted as a hawkish but clear message from the US Federal Reserve on policy tightening -
RBC names head of high yield trading and e-strategy for leveraged finance
2 years ago
RBC Capital Markets has promoted a high yield trader and head of leveraged finance digital strategy to the position -
Credit fund rout extends as storm winds buffet from all sides
2 years ago
Another choppy week for financial markets has extended the run of fund outflows, with investors fleeing from all parts of credit and even equity suffering a drop, with government bonds gaining traction -
European panic over Ukraine pushes market to new wides
2 years ago
European underperformance of US credit has resumed at the start of the week, with the market waking up on Monday morning to another sharp sell off. But the lengthening downturn has some believing spreads have overshot, while others insist worse is to follow -
Credit and equity fund flows diverge ahead of Fed emergency meeting
2 years ago
Outflows from credit have extended into another week, even as stocks returned to inflows, as speculation mounted the US Federal Reserve could opt for a 50bp hike in March or even an earlier than anticipated hike at an emergency meeting next week -
ESG template fires up hopes of CSO issuance
2 years ago
2021 may not have been a year of big volume in the synthetic bespoke market, but primary business is back, and decisive inroads into environmental, social and governance (ESG)-focused issuance bode well for 2022 -
Fund performance: Déjà vu as April leaders dominate
2 years ago
CLO funds stayed in the top flight for another month as they took over the top 10 credit hedge fund return table in May, when 87% of all funds listed made positive returns -
Credit slumbers in departure lounge as airline equities take off
2 years ago
Credit and equity markets have been in a balancing act on Tuesday between the positive and negative implications of surging oil prices and Germany opting to relax travel restrictions -
"IG investors might want to rethink the instrument, but they need not fear rising rates just yet"
3 years ago
In his latest column for Creditflux, Cheyne's Duncan Sankey writes that the sharp rise in 10-year US treasuries could be positive for investment grade investors, but value is in CDS rather than bonds -
Corp hybrid popularity mounts, but strategist outlooks diverge
3 years ago
Corporate hybrid bonds are becoming a focal point for investors in the second quarter, with one bank's credit strategy team making them a top pick to trade spread compression while another's has expressed caution on their likely performance -
Europe resumes rally in US absence with Italian spreads hitting new records
3 years 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 -
It's all relative: CLO spreads explore record tights as credit indices hit impasse
3 years ago
CLO spreads are grinding to ever tighter levels, despite a flattish week for credit in which corporate credit indices have ended up more or less unchanged -
It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter
3 years 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 -
High yield outperformance to bring compression trade back into play: Citi
3 years ago
High yield underperformance versus investment grade is expected to reverse following the US presidential election, according to a strategy note from Citi. The bank’s strategists have been advocating compression trades since July and feel that there is more room for this to run citing election trends, exposure to coronavirus credits, expected default rates and credit ratings -
Credit fundraising: Dubai manager gets in on the act as direct lending takes off
3 years ago
Shuaa launches credit fund in the Gulf as Ares, Contingency, HPS and Perceptive are among those to close billion-plus funds -
Credit event auctions mount as European resistance breaks
3 years ago
Two constituent defaults in iTraxx Crossover — the first to hit the European on-the-run index in almost two years — have made 2020 the second busiest year ever for credit event auctions -
Hema and Matalan auctions set as DC ponders Ensco credit event
3 years ago
Dates have been set for credit event auctions to settle two constituent defaults in iTraxx Crossover — the first to hit the European on-the-run index in almost two years -
CLOs on lookout as Neiman recovery signals slump and DC confirms credit event
3 years ago
Five-year CDS referencing Neiman Marcus widened by four points to 95.25 points up front, according to IHS Markit, as the Americas Determinations Committee confirmed the US retailer has triggered a bankruptcy credit event -
Frontier bankruptcy dials up pressure for 90 CLOs
4 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 -
McClatchy bankruptcy adds to slew of US media credit events
4 years ago
The McClatchy Company, a media sector constituent of CDS index CDX HY, has triggered a bankruptcy credit event, the Americas Determinations Committee has ruled -
Italian financials put Europe's best foot forward as US outperforms
4 years ago
Financial credits are once again leading the way as the market continues this week’s sharp return rally -
CIFC pushes into US high yield with three senior hires from Millennium
4 years ago
CIFC Asset Management is expanding its high yield investment business and has hired three officials from Millenium Management -
Credit traders’ kickstand: primary market flood gives basis for relative value
4 years ago
A deluge of investment grade bond supply in the first two weeks of the year has weighed on the spread basis between the cash market and CDS, leaving opportunities for traders who believe this dislocation should correct over the coming weeks
Want all the latest news, comment, analysis and data?