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Deutsche Bank adds credit trading head to US build out
2 years ago
Deutsche Bank is looking at the next phase of its US development with the hire of a credit trading head from another bank -
Squarepoint draws big name options market maker to buy side
2 years ago
An experienced credit options trader has decided to join the systematic and quant strategies manager in a change of career from working on the sell side -
CLO demand drives loan outperformance versus bonds
2 years ago
Leveraged loans could be set for their strongest run of outperformance over high yield bonds since 2017, say investors and strategists — if the CLO engine and an influx of money to funds continues to drive flows -
Tranche trader leaves Apollo for sell side
2 years ago
BNP Paribas has filled a gap in its structured credit trading group with the hire of an index tranche market maker -
Credit funds at a glance (June 2021)
2 years ago
A round up of fundraising and people moves in credit -
Options investors look to medium-term market normalisation
3 years ago
Credit index options trading has been heating up, with investors looking to take views on future market volatility well beyond the customary three-month horizon as Europe and the US grapple to keep a lid on rates. -
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 -
Yield rise is buying signal for bonds, says BNP Paribas
3 years ago
Credit spreads are set to hit new cyclical tights in the coming months, with the recent rise in yields having offered an attractive entry point especially for high-rated bonds, say BNP Paribas credit strategists -
Resurgent CSO market bets on ESG and new equity
3 years ago
After a challenging 2020 the synthetic bespoke market has begun this year in style, with a pipeline of deals, talk of new investors and hopes that ESG could play a key role in driving deal volumes -
Ucits at a glance: European funds and CLOs head rankings
3 years ago
Ucits fund returns -
Credit Rendezvous: sometimes you have to dive deep to find value
3 years ago
Some parts of the credit market are fraught with danger, but that does not mean portfolio managers are avoiding them entirely, according to the Credit Rendezvous, Creditflux's 10-page quarterly report eaturing comments from 15 credit experts -
The tranche market shines, whatever your view on credit
3 years ago
Index tranche volumes have reached record levels this year and CSOs have withstood the covid crisis. Panellists at the Credit Dimensions webinar outlined a range of trades in a thriving market -
Dealers power up as tranche trading hits new heights
3 years ago
A big year for index tranche trading has taken volume within grasping distance of full-year 2019, a post-financial crisis record, with a deepening pool of dealers adding support -
Tranche market maker jumps to buy-side
3 years ago
BNP Paribas' New York based market maker for credt index tranches has left the bank after seven years -
CSOs start printing again with new money ready to invest
3 years ago
The synthetic bespoke market is putting behind it the turmoil of recent months, with a pipeline of new CSO transactions starting to price and a swelling supply of new money lining up to invest. -
Ucits at a glance: Ucits funds march on and erase Q1 losses
3 years ago
95% of Ucits credit funds listed with Creditflux posted positive returns in June to keep up the momentum from May when all but one fund was in positive territory -
Rampant technicals push cash and CDS in different directions
3 years ago
Central bank interventions, primary market issuance and high yield defaults have conspired to create major distortions in credit performance, which sources say are ripe for opportunistic trading. -
CSOs are hurting but will emerge stronger, say sources
3 years ago
It is unsurprising that bespoke synthetic tranches have suffered during the covid-19 crisis, as they are backed largely by real money investors that have gone outright long credit risk. But more noteworthy and reassuring, say sources, is that most have held firm in their positions and look set to stick with the asset class — in contrast to the 2008 global financial crisis exodus -
Dealers zero in on pair of managed CSO formats
4 years ago
The eagerly awaited introduction of ‘managed’ CSOs is getting closer, with hopes still alive for an inaugural deal before the end of March and consensus forming around two alternative approaches. -
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 -
Oil supply concerns grease CDS relative value trade
4 years ago
With credit spreads having begun 2020 circling post-crisis tight prints, there is not much room across the market for improvement and plenty of susceptibility to jitters. But at least one CDS index shows scope to narrow further and could form part of a relative value trade -
CSO arrangers look to build on $65bn of issuance in 2019
4 years ago
The synthetic bespoke tranche market this year has fallen short of expectations in terms of overall issuance volume, but ends with transformative inroads being made. -
No 2020 recession, cyclical bonds will outperform and CLOs won't crash, says BNP Paribas
4 years ago
There will not be a recession in 2020 and investors should stay long credit with the expectation that high yield cyclical and non-financial borrowers will outperform in a bullish market, BNP Paribas strategists have confidently predicted -
Macquarie appoints ex-UBS official to build new asset-based finance business
4 years ago
Macquarie Capital is building a asset-based finance platform has appointed ex-UBS official to lead the new group -
Political risk puts December in focus as CDS investors play index volatility
4 years ago
Selling implied volatility has been prominent among CDS investors since last month’s iTraxx and CDX index rolls, says BNP Paribas in a research piece, with December a popular point of focus for trades
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