Large b-wics help to kick-start secondary CLO market
After a short break, the secondary CLO market burst back into life yesterday. Five CDO bid lists went out and market participants duly responded with some strong bids being tabled.

Portugal lags sovereign reverse rally, despite positive news
iTraxx Europe continues to widen today, out 1bp to 102.75bp according to Markit, but European sovereign spreads are largely undergoing a reverse rally

Greece leads sovereigns wider as market turns
SovX continued tighter at the outset today, but has since changed direction and widened as the rest of the credit market looks for direction

Spreads edge wider as all eyes turn to US data
European credit spreads have edged wider cautiously ahead of today’s US nonfarm payrolls (expected at 12.30pm GMT)

Broadband provider rallies sharply on acquisition news
Amidst an otherwise narrow range of movement in credit spreads,a US broadband services provider has seen its credit spreads rally in sharply today

Credit index rally continues despite Portuguese and Spanish woes
In former times, the resignation of Portugal’s prime minister coupled with Moody’s making multiple downgrade rating actions on Spanish banks might have been expected to rock the market

Ireland leads SovX rally after Isda rules against credit event
A relief rally is on today, with Japan risk subsiding and creating the potential for a short squeeze in Europe

Records rewritten as investors bid over par for CLO equity tranches
CLO equity was at the heart of an eventful day in the secondary market as several bids for equity paper came in above par

Credit tightens back after US retailer's January sell-off
Credit markets have tightened slightly today, going into the end of the week, despite yesterday’s weakness at the close of US trading

Sovereigns and financials lead Europe back wider
After yesterday’s rally, spreads are heading wider again today

December options expiry promises 'choppy' session, say traders
Credit traders in the US say that they expect a choppy session in the CDX IG index today

Rolls and curves active as rally continues
Sovereigns and financials are again outperforming as credit markets experience a second day of cautious rallying

Traders brave waves as Ireland winds change
Gale force conditions around Ireland at the moment might well be a boon for surfers, but the turbulence of the country’s debt profile also continues to spell havoc for all but the most dextrous of traders.

Traders pick over Basel details after spreads surge tighter
Credit markets surged inwards from the open today, amid relief that new Basel III rule proposals contained no surprises and do not make too onerous requirement on banks to raise extra capital

Supply appetite sees off jobs fears as week ends near the tights
Credit spreads are ending the week with a slight push back wider

Spotlight on exploration & production - Dealing with Deepwater
Small oil and gas companies with large operations in the Gulf of Mexico face an uncertain future as investors watch the cost of BP’s clean up operation mount

Acquisition rumour drives hospital credit wider
Credit default swaps on US hospital operator Universal Health Services widened by some 25 basis points in trading this morning in New York

Three new CLO offers include all equity investors
New CLOs hit the market as investors wait for news of Citi’s benchmark deal

Lyondell's new bonds trade up in high yield cash surge
Yesterday’s session saw a large amount of trading activity in Lyondell Chemical’s new 2017 bond

New issue bonds rise sharply amid high yield buying frenzy
The jumbo bond issue from aircraft maker Bombardier was the centre of focus for the US high yield market yesterday