Credit markets
CDS buyers should beware of de-mergers, warns Fitch
Investors in credit default swaps (CDS) could find their holdings unexpectedly affected by corporate spin-offs and de-mergers, rating agency Fitch has warned.
Fitch sees stable credit risk for iTraxx Asia ex-Japan Series 5
The credit risk of the overall iTraxx Asia ex-Japan Series 5 credit default swap (CDS) index is “broadly stable” following its rollover from Series 4, notwithstanding a ratings deterioration of certain tranches within the index, according to a report by…
Markit to calculate iTraxx values
Frankfurt-based International Index Company (IIC) has appointed UK-based data services provider Markit as exclusive calculation agent for the iTraxx indexes, which track the prices of credit derivatives.
The value of experience
Sunil Chadda was recently installed as head of Citisoft's hedge fund and derivatives practice. Victor Anderson speaks to him about trends that he's identified since his appointment, the impact Mifid (the Markets in Financial Instruments Directive) is…
Taiwan’s Polaris Securities launches CBO
Polaris Securities has closed its first collateralised bond obligation (CBO) transaction in Taiwan worth NTD12.2 billion ($375 million).
BMA releases CDO data
The Bond Market Association (BMA) has made publicly available quarterly and yearly data on collateralised debt obligation (CDO) issuance for the first time. “Publishing this data is another step forward in the efforts to make the CDO market more…
Canada opens its borders
A change in regulation allowing investors to hold more debt issued by non-Canadian entities has proved a fillip to the country's bond markets. Nadia Damouni looks at how the credit markets in Canada are evolving
Synthetic ABS is hot property
The emergence of credit default swaps on ABS has led to the development of an index of these securities. Nadia Damouni looks at the prospects for this rapidly evolving corner of the market
Fitch to introduce synthetic CDO market risk valuation service
Fitch Ratings is aiming to introduce a new service for evaluating market risk in synthetic collateralised debt obligations (CDOs) in the next three months, which it will announce tomorrow. The rating agency will offer a mark-to-model market risk service…
Mezzanine market takes off
high yield/mezzanine debt
Chasing credit in the Lion City
Retail CDOs
Follow-up fundamentals
Restructuring
Driving innovation convergence?
Experimental economics
Optimising hedging
Corporate profile
The cost of complexity
Hybrid products
Unearthing energy
As high natural gas prices continue to be the largest and ever-increasing cost for oil sands operations, the best hedge is a gasification strategy, says Catherine Lacoursiere
Synthetic ABS is hot property
Asset-backed securities
Deutsche Bank extends leveraged loan CDS market
The bank goes from trading bilaterally to launching LLCDS market
New fixed-income indices track total-return funds
Developed by Credit Suisse, the indices track a series of theoretical portfolios
Securitisation issuance hits new peak in Europe
CDO issuance rises by 86%: RMBS loses share on weak housing market
Canada opens its borders
A change in regulation allowing investors to hold more debt issued by non-Canadian entities has proved a fillip to the country's bond markets. Nadia Damouni looks at how the credit markets in Canada are evolving
Winner: J Sainsbury
This month's innovative deals in the debt capital markets are a CMBS offering from J Sainsbury, Comcast's $2.25 billion deal and RBC's Logan CDO II