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Loan traders eagerly await electronic trading solution
1 year ago
The announcement of Octaura’s electronic loan and CLO trading platform last month has been met with positivity by market participants, who laud the unified approach taken by large investment banks in supporting the initiative -
Europe vs US arb hits resistance as dislocation becomes more extreme
1 year ago
Recession fears have pushed several different asset classes to key psychological levels, while leaving European and US credit markets at a high level of dislocation -
Euro markets slump against US after slowdown signals drive sell off
1 year ago
European credit is once again underperforming the US, after data pointing to economic slowdown sent the euro to a 20-year low against the dollar -
Euro double As and US triple As offer best value in CLOs: BNP Paribas
1 year ago
Secondary market double A rated tranches offer the best relative value in European CLOs’ capital structures, while US triple As in primary starting to look attractive, according to BNP Paribas credit strategists -
CLO spreads are not pricing in recession: JP Morgan
1 year ago
CLOs are priced fairly for a growth slowdown but not a recession, according to JP Morgan credit strategists, who warn spreads are at risk if US growth contracts -
Credit tacks sharply as hiking talk brings choppy start to week
1 year ago
European financial markets opened the week on a cautious footing, after a weak Asian session, with credit indices oscillating between wider and tighter prints over the course of Monday morning -
EU inflation prints frame challenge ahead as horror show first half ends
1 year ago
Financial markets are heading into the weekend with a rare stationary session, but the mood is more one of shellshock than considered positioning, after one of the worst first halves to a year on record -
Energy co joins Europe's choir of fallen angel candidates as spreads soar
1 year ago
The financial market sell-off is entering acceleration, with credit indices blowing to new psychological levels and a growing number of investment grade companies reaching high yield spreads -
Consumer confidence shock sends spreads back to wides
1 year ago
Weak US consumer confidence numbers on Tuesday sent shockwaves through markets that are continuing to reverberate in Wednesday's trading session -
Property firm's troubles mount while rest of market rallies
1 year ago
Financial markets have opened the week brightly on a mix of improved sentiment and technical repositioning. But one European high yield company is heading further into stress, against the flow -
KopenTech launches digital peer-to-peer CLO trading platform
1 year ago
Los Angeles-based FinTech platform Kopentech has launched a digital peer-to-peer trading platform for CLOs -
Skew opens up as indices pivot following broad sell off
1 year ago
The opening of the US session on Thursday has brought a firmer tone, after European and Asian markets extended their weak run. But the reversal in index direction has left single name credits still sitting at much wider spreads -
Oaktree identifies CLOs among top picks in credit
1 year ago
Oaktree Capital Management’s head of performing credit Armen Panossian has outlined CLO tranches among his three favoured investments in this market -
Energy firms underperform in credit sell off as oil prices slump
1 year ago
Investment grade credit is the underperformer on Wednesday as the market pivots wider amid negative economic signals and ahead of US Federal Reserve chair Jerome Powell’s appearance before Congress -
Credit rally gathers momentum as Fed pitches for credibility
1 year ago
European credit’s relief rally has extended on Tuesday, with US stock futures pointing in a positive direction on return from the country’s holiday and the US dollar slipping a touch against the euro -
Octaura's real-time trading solution paves way for loans and CLOs to drop illiquid tag
1 year ago
The unprecedented cooperation between CLO trading desks that culminated last week in the launch of Octaura could change the way credit investors judge the relative value merits of loans and CLOs versus liquid alternatives such as high yield bonds -
Fed hike speculation holds sway over Europe and Asia despite US holiday
1 year ago
Credit markets have opened the week marginally tighter, with Europe and Asia cautious on Monday in the absence of a US trading session, and US Federal Reserve statements likely to drive sentiment in the rest of the week -
US loan market drops to record low for 2022
1 year ago
The loan market reached a new record low for the year on Thursday with the S&P/LSTA Leveraged Loan Index trading at an average bid of just 93.66 cents on the dollar -
Europe trades heavier than US as market baulks at new hikes
1 year ago
Credit spreads have resumed their push wider, with European indices once again under more pressure than their US counterparts -
Credit rout eases as ECB holds emergency meeting ahead of Fed rates decision
1 year ago
Credit markets are undergoing a relief rally, even as the US Federal Reserve prepares to deliver its moment of truth decision on policy tightening and the European Central Bank holds an emergency meeting to address the recent sell-off in risk assets -
Euro IG credit looks set to outperform US, HY and equities: Barclays
1 year ago
An outlook of elevated inflation and low growth favours credit over equities, and euro investment grade over high yield, according to European credit strategists at Barclays -
Fed fears extend big market slump
1 year ago
Credit spreads have pushed sharply wider again at the start of the week with all eyes on the upcoming US Federal Reserve meeting, as investor aversion to risk assets extends following Friday’s consumer price index number that caused financial markets to reel -
Market jitters mount as US delivers May CPI
1 year ago
Credit spreads have moved sharply wider for the fourth day straight as investors digested the European Central Bank’s hawkish turn and watched with trepidation for the US to reveal its May consumer price index numbers -
European credit hedging extends as investors watch for ECB hiking signal
1 year ago
European underperformance of US credit has extended into a third day, with investors continuing to hedge exposure ahead of the European Central Bank’s meeting statements -
"The shutdown of economies in the pandemic showed it’s better to suffer up front"
1 year ago
Rather than prolong the agony, central banks would be better off bunching their planned rate hikes into one
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