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 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

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

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 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

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

Lebanon CDS auction pays out 86 cents to protection buyers
Holders of protection on Lebanon sovereign debt have received an 86 cent pay-out on every dollar, after today's credit event auction produced a final price of just 14 cents

Eight bidders line up for Lebanon CDS auction as Morgan Stanley joins
Tomorrow's auction to settle Lebanon sovereign CDS will have eight participating bidders, after the Determinations Committee voted to add Morgan Stanley to the list

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

Frontier CDS auction to follow Lebanon and Whiting Petroleum
An auction to settle CDS referencing Frontier Communications will take place next month

Lebanon CDS auction set to include 15 cent bonds
The cheapest bonds to deliver into a credit event auction to settle Lebanese sovereign CDS could be worth only 15 cents in the dollar, according to a 27-note initial list published by the Determinations Committee

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

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

Credit market hits new wides as government outbreak measures intensify
Credit market are making another push wider at the start of the week, after governments tightened restrictions on movement to deal with the escalating coronavirus outbreak

Lebanon triggers failure-to-pay credit event with CDS priced at 89 points up front
Lebanon has triggered a failure-to-pay credit event on CDS referencing its sovereign bonds, the Determinations Committee for Europe, Middle East and Africa has ruled

Lebanon credit event trigger posed to Determinations Committee
The Determinations Committee for Europe, Middle East and Africa has accepted a request to rule on whether Lebanon has triggered a failure-to-pay credit event, after the country withheld payments due on bonds earlier this month

Steinhoff CDS fails to (physically) deliver
A credit event auction for Steinhoff Europe revealed very little interest to physically settle CDS contracts, with only one request to buy and for just €8.4 million

Steinhoff CDS buyers set for low pay-out
A credit event auction to settle CDS referencing Steinhoff Europe has returned an initial market midpoint of 83.5, implying there will be a low pay-out of less than 17 cents for protection buyers on the defaulted retailer

Nine bidders for Steinhoff CDS auction as SocGen joins
Tomorrow’s auction to settle CDS referencing Steinhoff Europe will have nine participating bidders, after Societe Generale was added to the list

Deadline day for participating bidders as Steinhoff auction looms
Firms wishing to be participating bidders in Wednesday’s auction to settle Steinhoff Europe CDS have until 5pm today London time (12pm New York) to submit applications to the Determinations Committee

Thomas Cook credit event question travels beyond index roll, as Steinhoff deliverables finalised
An auction next week to settle Steinhoff Europe CDS will have two deliverable obligations, the Determinations Committee has confirmed. But resolution of a bankruptcy credit event question on iTraxx Crossover name Thomas Cook spills over beyond today’s roll into a new series, after the DC was unable to reach a decision this week

Date set for long-delayed Steinhoff auction, with two deliverables
An auction to settle CDS referencing Steinhoff Europe will take place on Wednesday next week – six months after the Determinations Committee ruled that the retailer had triggered a failure-to-pay credit event