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Russian sovereign posed to DC as 'potential failure to pay'
2 years ago
The Russian Federation has again been referred to the Credit Derivatives Determinations Committee for the second time in a month, this time with the questioner asking if a potential failure to pay has occurred -
Sovereign in scope as Russian Railways triggers first Ukraine-linked credit event
2 years ago
Russian Railways had triggered a failure-to-pay credit event, the Credit Derivatives Determinations Committee has ruled, making this the first sanctions-related credit event since Russia's invasion of Ukraine in February -
Russia returns to default pricing as railway co awaits credit event vote
2 years ago
Russian credit spreads are once again under intense pressure and sanctions-related credit events are back under the spotlight as the country's state-owned railway company faces the scrutiny of the Emea Credit Derivatives Determinations Committee -
Russian Railways posed to DC as failure-to-pay credit event
2 years ago
Russian Railways has been posed as a failure-to-pay credit event, following a filing about its debt on the Swiss Stock Exchange on Friday -
Russia extends rally as DC rules against repudiation / moratorium
2 years ago
Russian Federation CDS contracts rallied strongly for a second day on Thursday, after the Credit Derivatives Determinations Committee ruled a repudiation / moratorium had not occurred on the country's sovereign debt -
DC accepts request to rule on Russian repudiation / moratorium
2 years ago
The Russian Federation is subject to credit event scrutiny over warnings it could repay foreign bond investors in rubles, with the Credit Derivatives Determinations Committee agreeing to rule on a 'potential repudiation / moratorium' question -
Russia debt repudiation / moratorium question lands with Determinations Committee
2 years ago
The Russian Federation looks to be edging closer towards triggering a credit event, having been referred to the Credit Derivatives Determinations Committee for a 'potential repudiation / moratorium' on its bonds -
From one nation of yellow flowers to another: we are with you
2 years ago
It is Saint David's Day, the biggest day in the Welsh calendar. Today it is not a celebration but a call to action -
Russia debt hits default levels amid FX and asset lock-up
2 years ago
Russia appears to be on the brink of default on its debt, with bonds and CDS pricing in the likelihood of an imminent trigger -
Ukraine crisis takes EU and Russian markets into new territory
2 years ago
Credit spreads went back to the wides again on Monday, after the European Union intensified its pressure on the Russian economy and reached an unprecedented agreement to supply Ukraine with weapons -
French co rattles investors on micro level as Russia overclouds macro
2 years ago
After a cautious opening, investors in the European credit market have resumed hedging as western leaders continue to talk up the prospect of Russia invading Ukraine and the Kremlin has dismissed hopes of a Biden-Putin summit as premature -
Heavy market rout takes credit back to November 2020 levels
2 years ago
High volatility is gripping financial markets at the end of a week that has been decisively bearish for credit spreads, as concerns about the end of central bank stimulus and warnings of a Russian invasion of Ukraine next month layer on pain for investors -
See what's next: Netflix gives whole market a chill
2 years ago
Financial markets look set to end the week once again on a bearish trajectory, with fears over consumer confidence and company earnings helping take credit spreads back to their widest levels since the start of December -
Ukraine and Russia volatility steps up amid political trial and conflict fears
2 years ago
Ukrainian and Russian spreads are among the market's biggest movers at the start of the week, as developing tensions between the two countries ramp up another notch and former Ukrainian president Petro Poroshenko has arrived in Kyiv to face treason charges -
Caution returns to credit trading following tech sector rout
2 years ago
After a strong Tuesday session, financial markets are taking a more cautious step back on Wednesday amid returning inflation concerns and following a weak session for Chinese tech stocks -
Aoyuan CDS needs physical settlement as credit event fails auction liquidity rule
2 years ago
Holders of CDS referencing China Aoyuan will have to physically settle contracts, the Determinations Committee has confirmed, given a lack of depth to markets for the entity -
Determinations Committee agrees to rule on first credit event question in 10 months
2 years ago
Credit event triggers are back on the market's list of discussion points for the first time since February, with the Determinations Committee having agreed to rule on an Asian failure to pay question -
Traders hunt for Monday bargains in Black Friday debris
2 years ago
The turmoil of Black Friday has given way to a counter-wise move on Monday, with financial markets latching onto scraps of hope over the weekend following the panic of a newly discovered covid-19 variant -
US travel, energy and retail credits take big hit as variant rout extends
2 years ago
The widening trend in credit is extending as the weekend approaches, with US spreads picking up the baton from Europe's earlier surge -
Real estate relief boosts high yield but retail rout gathers pace
2 years ago
A mixed week for credit has taken German real estate company Adler back to safer levels while sending two supermarket retailers further into the realms of most risky in the iTraxx Crossover universe -
Investors shrug at new Evergrande bond deadline a week on from roll havoc
2 years ago
Chinese real estate giant Evergrande looks unlikely to meet a $45 million bond payment due on Wednesday despite reports it plans to sell a $1.5 billion commercial bank stake. But credit markets are showing very little reaction despite initial default concerns having up-ended CDS index rolls only last week -
Roll pushes indices wider but fair value trumps technical positioning
3 years ago
Several CDS indices rolled into new series on Monday, with all of them adding spread over the outgoing versions due to added duration as well as composition changes -
Wide-end names gain ground as market hits impasse
3 years ago
Financial markets appear to have a hit resistance points in several asset classes today, with credit, stocks and oil prices struggling to find traction despite encouraging signals from the UK on rolling out the Pfizer/BioNTech covid vaccine -
Spread compression resumes with US passing key milestones
3 years ago
Credit markets have resumed their crunch tighter today, with an absence of any obviously negative brakes to offset strengthening Asian industrial numbers and applications by vaccine makers for emergency approval in the US and Europe -
Investment grade rallies hard on hopes of end to US deadlock
3 years ago
In a change from the recent trend investment grade credit is the front mover today, playing catch up on high yield as the market-wide rally gathers pace
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