- Direct lending (45)
- Emerging markets (45)
- High yield bonds (311)
- Investment grade credit (151)
- Structured credit (134)
- CLO (102)
- Distressed debt (136)
- Leveraged loans (138)
- Marketplace lending (13)
- Real assets (23)
No 2020 recession, cyclical bonds will outperform and CLOs won't crash, says BNP Paribas22 hours 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
Dean Foods CDS to have one deliverable, with 80 cent pay-out indicated7 days ago
There will be only one bond deliverable into an auction to settle CDS referencing Dean Foods, the Americas Determinations Committee has confirmed
Dean Foods CDS set to have only one deliverable on the menu11 days ago
Only one bond has made it onto the supplemental list of deliverable obligations for an auction to settle CDS referencing Dean Foods
Non-dealers overtake banks as biggest holders of diminishing CDS pie12 days ago
The share of the CDS market held by non-dealer financial institutions has surpassed that of dealers for the first time, according to latest Bank for International Settlements data. But firms are scrapping over a smaller pie, as outstanding single name CDS continues to fall
US pension backs insurance credit fund19 days ago
Montana Board of Investments has committed $40 million to an insurance credit fund opportunity fund managed by Vida Capital Management, according to a document seen by Creditflux.
Creditors left with sour taste as two food companies file for bankruptcy25 days ago
Credit investors have been left to digest two US food company bankruptcy filings this week, with dairy producer Dean Foods triggering the first credit event to hit on-the-run series 33 of the CDX HY index, while Houlihan's Restaurants has also sought protection
Investors increasingly see ESG as fiduciary duty, State Street survey reveals26 days ago
North American investors are most likely to view ESG as a fiduciary duty, while European investors are driven by regulation, performance and reputational risk, according to results from a survey conducted by State Street Global Advisors
Deadline just hours away for CDS users to sign Isda protocol1 month ago
Midday New York time is the cut-off for market participants to sign up to the International Swaps & Derivatives Association’s protocol aimed at stamping out narrowly tailored credit events from CDS
Rising idiosyncratic risk leads to calls for high yield index tranche fix from traders1 month ago
As sources of funding dry up for the weakest borrowers in the credit market, some correlation traders are calling for an overhaul of CDX NA HY index tranches to make trades on wide-end dispersion more effective.
ESG integration is part of fiduciary duty, finds UNPRI1 month ago
The United Nations Principles for Responsible Investment (UNPRI) report ‘Fiduciary Duty in the 21st Century’, published late last month, concludes that ESG is a source of investment value, ending debate that using ESG criteria might violate fiduciary duties.
Points up front: Talking his book (which is available on Amazon)1 month ago
For listed asset managers, an earnings call is generally not the right forum to market or advertise upcoming funds. But it might be exactly the right place to try and sell your book.
Corporate credit performance expected to catch up with financial borrowers as European quantitative easing begins1 month ago
The return of European Central Bank quantitative easing on 30 October portends a catch up this month of corporate credit performance with other parts of the market, such as financial borrowers, say strategists.
Over 1,200 sign up to CDS protocol1 month ago
Plans to improve CDS market integrity have received a boost, with the International Swaps & Derivatives Association drawing a stronger than expected response to its protocol aimed at stamping out narrowly tailored credit events (NTCEs).
Fund performance1 month ago
A round-up of fund performance click here.
FisherBroyles hires derivatives and regulations specialist as partner1 month ago
FisherBroyles, an Atlanta headquartered law firm, has hired derivatives and securities specialist Julian Hammar as a partner in its New York and Washington, DC offices
Credit traders' kickstand: QE and dispersion sever 'haves' from 'have nots'1 month ago
The underperformance of European high yield credit has picked up this week, on rising concerns about dispersion in funding access
Thomas Cook CDS settles with higher than expected recovery1 month ago
CDS referencing Thomas Cook Group settled with a final price of 10.125 cents at yesterday's credit event auction, making the high pay-outs to protection buyers still less profitable for them than had been expected
Thomas Cook CDS auction sets initial midpoint at nine cents1 month ago
An auction to settle CDS referencing Thomas Cook Group has derived an initial market midpoint of 9.125 cents, implying protection buyers will receive a pay-out on contracts in the region of 89 cents
CDS traders get second extension on narrowly tailored credit event protocol1 month ago
The International Swaps & Derivatives Association has extended for a second time the deadline for market participants to adhere to a protocol aimed at stamping out narrowly tailored credit events from the CDS market
Traders face Monday deadline for manufactured credit event protocol1 month ago
Interested parties have until Monday to sign up to a protocol aimed at stamping out narrowly tailored credit events from the CDS market, with the International Swaps & Derivatives Association having given extensions on the original deadline
Reminder: Creditflux CSO survey awaits your response1 month ago
The first Creditflux quarterly bespoke tranche market survey is still open for responses from investors, but not for long - please take a couple of minutes to participate if you haven't yet done so
Thomas Cook CDS buyers face bond squeeze as DC ejects 2023 notes from auction1 month ago
The likelihood of a squeeze on Thomas Cook Group obligations has increased for market participants looking to physically settle their CDS contracts, after the Determinations Committee ruled that the collapsed UK travel firm’s €400 million 3.875% senior notes due 2023 were inadmissible into a credit event auction
Credit traders’ kickstand: UK vote brings profit-taking and corporate catch up1 month ago
Profit-taking has reversed some of the previous outperformance of European financial credits ahead of Saturday’s crunch UK parliament vote on the latest Brexit agreement with the European Union, but UK names continue to trade bullishly as trader concerns about the chances of a no-deal exit on 31 October recede
ESG phenomenon leads to talk of incentive fee models1 month ago
For asset managers that are diving into environmental social and governance (ESG) investment standards, an ugly truth is the lack of any standardised performance fees. But that could change as more investors begin picking and choosing allocations based on ESG rubrics.
Creditflux launches inaugural survey of CSO market1 month ago
Creditflux is conducting a survey to gauge investor perceptions of the size of the synthetic bespoke tranche market so far this year, as well as the share of banks arranging deals
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