- Direct lending (50)
- Emerging markets (49)
- High yield bonds (328)
- Investment grade credit (164)
- Structured credit (142)
- CLO (110)
- Distressed debt (142)
- Leveraged loans (145)
- Marketplace lending (16)
- Real assets (26)
Credit traders’ kickstand: primary market flood gives basis for relative value1 day 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
Apollo CLO and CSO specialists earn promotion to partner3 days ago
Apollo Global Management has promoted two members of its global structured credit team, according to market sources
UK charities join forces on hunt for ESG managers3 days ago
Three UK based charities are joining forces in the hunt for a manager to oversee a £32 million ($41.6 million) portfolio with a strong focus on environment, social and governance (ESG) criteria as well as impact investing
Renault hits bump in flat markets5 days ago
The future of Nissan’s relationship with Renault has been in question since last year. But the likelihood of the companies parting ways has increased since Nissan’s former chairman Carlos Ghosn, who faced charges of financial crimes, fled from Japan to Lebanon in December
Stockholm-based firm targets CLOs, CSOs and SRTs for new fund after stellar 20195 days ago
A fund manager, established in 2018, is said to be launching its second corporate structured credit fund, sources say, after generating 20% returns last year via its debut strategy. The new fund will invest across CLOs, CSOs, SRTs and index tranches
Credit traders' kickstand: convergence trades rewarded as financials outperform8 days ago
Compression is the watchword in credit at the start of the year, with the market’s navigation of post-crisis tight prints bringing an outperformance of financial names over corporate borrowers and US over European indices
Tabula launches ETF of iTraxx Europe bond issuers8 days ago
Tabula Investment Management, a European fixed income exchange traded fund provider, has launched a product that aims to enable liquid hedging by tracking bonds of companies comprising the iTraxx Europe investment grade CDS index
This is not just wider: M&S stands apart as CDS picks new tights9 days ago
As credit spreads head back into post-crisis record tight territory amid a softening of tone between the US and Iran, retailer Marks & Spencer is bucking the rally having issued a profit warning today
Oil supply concerns grease CDS relative value trade11 days 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
Rude awakening for credit as US airstrike sends global shockwaves15 days ago
It only took a day for the positive mood greeting financial markets in 2020 to turn nervous, with credit and equities faltering in early trading today after the US killed a top Iranian military official
Credit traders enter 2020 a world away from 2019's opening blues16 days ago
CDS markets are showing what a difference a year makes, with indices beginning 2020 at post-crisis record or near record tights. And concerns such as Brexit or US-China (and lately UK-China) tensions are doing little to dampen the mood in today's buoyant trading session
Texas pension appoints CIO1 month ago
Teacher Retirement System of Texas has appointed a new chief investment officer, effective from January 2020
CSO arrangers look to build on $65bn of issuance in 20191 month 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.
Private debt secondaries expected to soar in 20201 month ago
Private debt secondaries grew massively in 2019 — and more is expected this year.
Falling correlation reignites passion for index tranche trades1 month ago
Dispersion in the global corporate credit market is rekindling interest in correlation trading, with dealer sources reporting that a late surge lifted 2019 index tranche volumes to $250 billion.
Farewell Mike1 month ago
After two decades, Mike Peterson, the founder and long-time editor of Creditflux, is moving on.
Activists sign up to narrowly tailored event protocol1 month ago
The International Swaps & Derivatives Association has signed up 1,298 parties, including nine reference dealers, to a protocol aimed at preventing narrowly tailored credit events (NTCEs).
Points up front: There are lies, damn lies and awards pitches1 month ago
We’re hearing empty boasts, trash talking of their rivals and no shortage of promises that will absolutely be delivered.
Complacency rules after rally in run-up to UK election1 month ago
UK credits rallying was a familiar sight for much of November, mainly due to investors cutting their previous short positions ahead of the country’s 12 December election, but dealers reported little appetite to replace long, short or hedging trades going into the final stretch.
Deep dive trade is on, but single name risks still abound1 month ago
High yield CDS is reversing its previous underperformance versus investment grade, reflecting an investor shift down the quality spectrum in cash bonds.
Fund performance: Long-short funds rule in October as CLO funds struggle1 month ago
A round-up of fund performance
- A round-up of ucits fund performance1 month ago
- A round-up of CLO performance1 month ago
Welshcake: Don’t get too comfortable. The truth is there are hundreds of things that could be catalysts for a sell-off1 month ago
Just because there’s no obvious sign of a sell-off, doesn’t mean it’s not going to happen. Often, market moves defy logic
Deans Foods auction delivers big lunch for CDS protection buyers1 month ago
Dean Foods CDS has been settled in a credit event auction at a final price of just 9.25 cents – half the 18 cents indicated by the Dallas-headquartered company’s bonds at the time the auction was called
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