Credit markets
The credit market – Still many opportunities
Sponsored video: Societe Generale
Dan Fuss interview – Part 2
Loomis Sayles vice-chairman discusses the US credit markets
Comparability of EBA stress tests questioned
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
Economic concerns keep credit trading activity flat
Normal service appears to be a long way from resuming in credit, as macroeconomic uncertainty continues to grip the financial markets.
Are US and Europe's economies at the point of divergence?
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…
US credit outlook: Pramerica, BlackRock & Alliance Bernstein
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.
Lloyds TSB appoints head of credit strategy
Alan Capper will join from LV Asset Management to assume the newly created role.
Mitsubishi expands credit sales team
Mitsubishi UFJ Securities International (MUSI) last month expanded its credit trading and sales team.
Credit spread widening fails to generate buying interest
Despite spreads widening last month to more attractive levels, investors remain cautious on expectations of a prolonged period of volatility for the credit markets.
The true source of liquidity in financial markets: Caveat Emptor column
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.
Spanish banks prepare for refinancing risk as CDSs blow out
Refinancing risk increases for Spanish banks as credit default swap (CDS) spreads widen dramatically for a third day running.
Bond syndication process cheats investors
New issue distribution is not a fair deal for bond investors because the syndication process is so opaque
Agency brokers: Back in vogue
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…
Primus Financial: the risk repository
Primus Financial occupies a unique place in the credit derivatives market by writing CDS protection – and then holding the swaps to maturity
Under Scrutiny - Regulators focus on credit
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…
A bigger deal in platforms
After three years of consolidation in electronic trading, are brokers getting what they want from the players who are left and do the providers themselves know where they are going?
Forum codifies Chinese Walls in credit trading
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.
Basel II likely to boost credit markets, says Fitch
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.