High-yield bond block trades could be 100bp cheaper on new platform, says executive
A side-effect of tough bank capital rules could be the rise of dark pools for credit trading
Sponsored video: Societe Generale
Loomis Sayles vice-chairman discusses the US credit markets
The ability of banks to use their own internal models for determining stressed PDs and LGDs mean the results will not be comparable, bankers claim
Normal service appears to be a long way from resuming in credit, as macroeconomic uncertainty continues to grip the financial markets.
Strengthening fundamentals in the US and continued uncertainty over peripheral European economies have given rise to the notion that the US and Europe are undergoing a decoupling process. Credit looks at what this may mean for the US government bond and…
On a recent visit to New York, Credit met up with senior figures at three of the largest fixed income asset managers globally to hear their thoughts on where the US credit market is heading next and what the risks are for investors.
Alan Capper will join from LV Asset Management to assume the newly created role.
Mitsubishi UFJ Securities International (MUSI) last month expanded its credit trading and sales team.
Despite spreads widening last month to more attractive levels, investors remain cautious on expectations of a prolonged period of volatility for the credit markets.
Liquidity – its origins and effects – have long exercised investors, but one thing is certain: banks are not the main source of liquidity, despite what they would have us believe.
Refinancing risk increases for Spanish banks as credit default swap (CDS) spreads widen dramatically for a third day running.
New issue distribution is not a fair deal for bond investors because the syndication process is so opaque
In the old days, before the advent of the all-singing, all-dancing full service investment banks, agency brokers used to represent an important, if niche part of the credit trading business. Now, after a period in the wilderness, these agency brokerages…
Well-publicised risk issues and a recent growth spurt have brought credit markets firmly under the scrutiny of global regulators. Nikki Marmery investigates whether the attention will prove to be a boon for attracting more investment - or a barrier to…
The Joint Market Practices Forum - an ad hoc group of four market trade associations – has produced a set of principles and recommendations tackling the contentious issue of Chinese Walls between credit trading and lending functions.
The Basel II capital Accord is likely to boost credit market funding activities, particularly for lower investment-grade companies seeking financing, according to Fitch, the credit rating agency.