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Standard Chartered prints landmark SRT in Asia
1 year ago
Standard Chartered has issued a ground-breaking SRT by partnering with investors PGGM and Alecta. The transaction "enables Standard Chartered to be the first bank to benefit from capital relief in Hong Kong" -
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 -
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 -
Barclays fills gap by hiring global macro credit trading head in New York
2 years ago
Banks are moving quickly to make sure they are staffed up in credit trading with Barclays bringing in an experienced trader in New York -
CSO pipeline strengthens following ESG breakthrough
2 years ago
ESG criteria and longer investment horizons are driving new business in a resurgent bespoke tranche market, say dealers. And while this is unlikely to get 2021 near to a 2019-like haul of deals by year end, hopes are high that volume is firmly back on an upwards traject -
China contagion fears linger as Huarong rebounds
3 years ago
China Huarong Asset Manager, the state-owned bad debt manager, is back on a path to improvement after shocking markets by delaying its annual report. But questions remain over the extent of government support and the ripple effects to the wider credit market -
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 -
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 -
Credit hits new wides as US and Europe ramp up coronavirus battle plans
4 years ago
An emergency weekend rate cut by the US Federal Reserve as well as population lockdowns in France and Spain underscore that measures of economic risk have moved to a more systemic level as world governments scramble to deal with the impact of the coronavirus outbreak -
Non-dealers overtake banks as biggest holders of diminishing CDS pie
4 years ago
The share of the CDS market held by non-dealer financial institutions has surpassed that of dealers for the first time, according to latest Bank for International Settlements data. But firms are scrapping over a smaller pie, as outstanding single name CDS continues to fall -
Creditflux launches inaugural survey of CSO market
4 years ago
Creditflux is conducting a survey to gauge investor perceptions of the size of the synthetic bespoke tranche market so far this year, as well as the share of banks arranging deals -
Reality bites after credit traders abandon Brexit hedges
4 years ago
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 -
Australian pension fund hires head of ESG
4 years ago
The Australian Catholic Superannuation & Retirement Fund has appointed Louise Bradshaw to lead the pension fund’s initiatives in regard to environmental, social, and governance (ESG) investments -
Emerging market CDS trading slumped in Q2, finds Emta
4 years ago
There was $364 billion of emerging markets CDS trading in second quarter, according to the Emerging Markets Traders Association -
Isda tables plans to rid CDS market of narrowly tailored credit events
5 years ago
After lengthy deliberation, a working group of major firms is today set to publish proposals aimed at ridding the market of ‘narrowly tailored credit events’, whereby borrowers are persuaded to default on debt payments in order to trigger pay-outs for CDS holders -
Market favours retrospective over forward-looking approach to Ibor benchmark fallbacks, says Isda
5 years ago
New benchmark fallbacks for derivatives contracts that reference interbank offered rates are likely to be based on the “compounded setting in arrears rate” and the “historical mean/median approach to the spread adjustment”, the International Swaps and Derivatives Association has said -
Isda extends deadline for derivatives benchmark consultation
5 years ago
The International Swaps and Derivatives Association has extended the fast-approaching deadline for its consultation on derivatives benchmark fallbacks, to allow more time for responses -
Astaldi triggers first credit event in iTraxx on-the-run indices for nine years
5 years ago
Astaldi has triggered a bankruptcy credit event, the Isda-hosted EMEA Credit Determinations Committee has ruled -
Astaldi credit event question posed as its distress weighs on iTraxx Crossover
5 years ago
Astaldi, a constituent of iTraxx Crossover, has been referred to ISDA-hosted Credit Determinations Committees as a possible bankruptcy credit event – less than two weeks after the index rolled into a new series -
BlackRock becomes latest manager to explore interval fund structure for credit
5 years ago
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure -
Turkey CDS rallies back inside 500bp on Qatar help, but curve remains inverted
5 years ago
Turkey’s sovereign five year credit default swap is back below 500bp today, following the financially embattled country’s recent spread blow-out -
New rules encourage growth in blossoming risk sharing market
5 years ago
Significant risk transfer deals have generally been issued towards the end of the year – but the first quarter of 2018 has opened with a flurry of deals across primary and secondary markets -
Dedication pays off in risk sharing
6 years ago
Fund managers are pitching dedicated CRT funds to institutional investors as market hits €75 billion in 2017 and US banks start to take notice. By Sayed Kadiri -
Anchorage wins $75 million ticket for global credit fund
6 years ago
A US pension fund has approved an investment in the upcoming Anchorage credit fund -
HSBC announces $550 million second close for diversified loan fund
6 years ago
HSBC Alternative Investments has announced the second close of its diversified loan fund, which will combine both loan investing and direct lending
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