Credit markets
Sting in the tail
Credit spreads on highly rated names have blown out to levels that are proving irresistible to many buy-and-hold investors such as pension funds. But tail risk in the form of increased default expectations is still a major consideration. Blake Evans…
On the crest of a wave
Corporate bond volumes have been soaring as companies scramble to meet their funding requirements in the wake of the loan market's demise. Simon Boughey looks at whether this wave of issuance is a temporary phenomenon or whether it heralds a permanent…
Ukraine heads list of riskiest sovereign issuers
Central Asian and South American countries dominate the league table of sovereign issuers with the highest risk debt, while northern European nations - plus the US - are among the safest
Robert Stheeman
The head of the UK's Debt Management Office, the body responsible for administering the wave of recent government issuance, tells Sarfraz Thind that the recent failed auction doesn't spell a death of demand for gilts
The price is right
Consensus on the input assumptions that financial institutions use to value structured finance securities is crucial if the market is to reach a universally agreed method of pricing these impaired assets. By Peter Jones of Standard & Poor's
Stopping the rot
Noises from leading banks that they may be returning to profitability are failing to mask the painful truth that vast quantities of toxic assets are still causing a stink on banks' balance sheets. Credit looks at the various plans being put forward to…
FDIC extension gives breathing space to banks
The difficulties banks are facing in borrowing capital are ample justification for extending the TLGP scheme, say observers. Indeed, there are calls for the scheme to become more permanent
CDS spreads tighten further on US financials
The cost of credit protection on US banks fell in early European trading today.
CDS: Spreads on US banks narrow
Credit default swap 5-year mid-levels for structured products issuers (Wednesday April 8)
CDS: Spreads widen on European banks
Credit default swap 5-year mid-levels for structured products issuers (Tuesday April 7)
Talf requests plunge $3bn to $1.7bn in latest funding round
Demand for loans under the US Treasury's Term Asset-Backed Securities Loan Facility (Talf) has dropped precipitously since the scheme opened in March.
CDS spreads tighten on US financials
The cost of credit protection on US banks fell in early European trading today, while sentiment also improved towards Irish financials following yesterday's announcement of a government asset purchase scheme.
Tear-ups reduce $5.5 trillion of outstanding CDSs, TriOptima says
Swedish technology firm TriOptima has eliminated outstanding credit default swap (CDS) trades worth $5.5 trillion so far this year through its triReduce service, the company said today.
CDS: European financials continue to narrow, Credit Suisse at 169.66bp
Credit default swap 5-year mid-levels for structured products issuers (Monday April 6)
CDS 'big bang' could see 18% increase in tear-ups, Markit says
Changes to credit default swap (CDS) contracts due to come into force on April 7 could result in an upturn in trade-compression activity, according to market information provider Markit.
CDS spreads widen on Asian sovereigns
The cost of credit protection on east Asian sovereigns rose in early European trading today, despite predictions from the World Bank that China's economy will bottom out by mid-2009, offering a ray of hope for the region.
CDS: Spreads tighten on European banks
Credit default swap 5-year mid-levels for structured products issuers (Friday April 3)