Credit/Opinion
Idiosyncratic risk in 2007
Talkingpoint
A tale of two cities
Tim Frost looks at why London has forged ahead in the credit derivatives stakes while New York has become something of an also-ran
Plotting the spread cycle
Marketgraphic
Talkingpoint - 2007 outlook
Change is in the air for 2007. A deterioration in credit quality and concomitant rise in default rates may presage a tough year. We asked five leading market participants for their outlook
Back to basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask... In the second of a two-part series on credit derivatives, Saul Doctor, analyst at JPMorgan in London, discusses next-level CDS
A state of equilibrium
Flows in the tranche market have balanced out - at least for now. Our US columnist StreetCred wonders whether valuation discrepancies may soon upset the applecart
No cherries left to pick
Selectivity is all well and good when there are viable names to choose from. But what happens when the whole market looks like a negative bet, asks Toby Nangle
Ratings transition matrices
Market Graphic
D-day approaching
The day of reckoning in the credit markets (D-day, or Default Day) is looming, says Amy Falls. The question is not if but when and - as importantly - why?
Jose Antonio Olavarrieta
The chairman of Spanish securitisation originator Ahorro y Titulizacion gives Credit the lowdown on their recent innovative future flow transaction
Commercial real-estate CDOs
Talkingpoint
CDS pricing
Talkingpoint
LBO risk
Market Graphic
High yield
Talking point
The EDS dustbin
As the market talks up CDS of ABS and loan CDS as the next big things, StreetCred warns readers not to forget the fate of equity default swaps
Greenspan's conundrum
Market graphic
Paying a premium for bank analysts
Bank analysts are paid more than other credit analysts; but are they really worth it? Toby Nangle did the number-crunching to find out
Credit derivatives: the next generation
Now that credit default swaps and other credit derivatives are moving into the mainstream of financial trading, a new range of products and structures are being developed using synthetic techniques. Calyon's Loic Fery and Ally Chow review some of these…
Cash-CDS basis
Market graphic