Credit markets
CDS spreads fall on Spanish energy
The cost of credit protection on Spanish energy firms plummeted in early trading this morning and confidence in the Japanese electronics sector began to return.
Federal Reserve extends liquidity programmes
The Federal Reserve has extended the deadline for its existing liquidity programmes by six months, to October 30, in a sign of continuing strain on financial markets.
Primus takes hit in Q4
Primus Guaranty, the Bermuda-based parent company of the first standalone credit derivatives product company, saw a net loss of $918.5 million in the fourth quarter of 2008. This result compares with a net loss of $403.9 million in the corresponding…
CDS: BoA, Barclays and Citi widen
Credit default swap 5-year mid-levels for structured products issuers (Monday February 2)
Auction sets settlement values for LyondellBasell companies
An auction run by data vendor Markit and broker Creditex determined final settlement values for credit derivatives trades referencing three US-based subsidiaries of Netherlands-based chemical company LyondellBasell, today.
Sovereign CDSs hit record highs
The cost of credit protection on the US and New Zealand's national debt reached all-time highs in early trading this morning, while Japanese corporates faced declining market sentiment.
CDS: Levels drift a little wider at last week's close
Credit default swap 5-year mid-levels for structured products issuers (Friday January 30)
CDSs widen on Japanese firms
The cost of credit protection on Japanese corporates and electronics firms widened in early European trading today.
Unblocking the euro pipeline
Last month brought a huge EUR48.4 billion of new corporate bonds, more than half the total amount of supply one investment bank predicted for the whole year in the euro market. Matthew Attwood looks at the drivers of the trend, and finds that in one…
Credit Investor Survey 2009
Our exclusive poll of leading credit investors gives an insight into the factors affecting today’s investment decisions. Which assets provide value? Which sectors should you avoid? When will conditions improve?
Deals of the Month: GDF Suez
The primary markets have been buzzing since the start of the year. We profile GDF Suez's mammoth EUR4.25bn deal, the $1.5bn five-year from Staples, and Toyota's Swiss franc issue
Legal Spotlight
The ECB has set minimum standards that ABS must meet if issuers are to use the securities as repo-eligible funding. Angus Duncan assesses the impact of these new rules on existing ABS
Credit ratings newcomer hires ex-S&P president
Credit rating agency Rapid Ratings adds Kathleen Corbet to its board in a push to increase awareness of its rating system which measures financial health rather than creditworthiness
ABS collateral pools to deteriorate in 2009
Two largest rating agencies predict global economic slowdown will hit loans underlying most asset-backed securities, with consumer loans in UK, Ireland and Spain worst affected
The repo effect
The ability of banks to use securitisation deals as collateral for repo funding from central banks has resulted in larger deals with more esoteric assets. Laurence Neville looks at how this change is affecting the securitisation market as a whole
Column: Nick Chamie
A huge rise in the funding needs of developed nations will hurt emerging markets
Insurance debt: Don't take a tumble
Holders of bonds from the insurance sector should prepare themselves for a rough ride in 2009. Lingering concerns over the exposure of certain names to toxic structured credit assets and the difficulty of raising more debt in the current environment are…