Difference between cash bond spreads and derivatives tightens but still offers value, dealers say
Bid/offer spreads on bond platforms spiked in March and the buy side struggled to trade
Activation of credit lines and guarantees could cause exposures to leap 26%
Borrowing costs for some issuers are still two to three times the historical average
Risk Awards 2020: A high-return hedge fund weathers the storm in structured credit
Risk Awards 2020: Big deals and big ideas have helped transform stress-test laggard to leader
Following the clarification of the FRTB rules in January 2019, financial institutions are now working towards a 2022 implementation deadline, finalising how their trading books will operate under this demanding regulation. Eoin Ó Ceallacháin, head of…
Note issuers fear losses after relabelling of swap contracts creates subordination discrepancy
Chris Bruner, head of US credit product at Tradeweb, explores the products that can help managers express portfolio views and how they can maximise the benefits they can reap by evaluating and understanding the price, risk and relative value of each…
Theisen previously worked at Barclays, Bear Stearns and Goldman Sachs
Loans to entities in developed European countries outpace those to other western nations in Q1 2018
Total claims surpass pre-crisis peak
In this paper, the authors study the topological and structural properties of the bank–sector credit network of Spain over the period 1997–2007.
Modelling the risk factors of Canadian corporate debt is “almost impossible”
Both sides cite Fed data to support their interpretations of prop trading ban
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.