Options expiry leaves indices finely balanced, say traders
Yesterday’s December options expiry day proceeded on light volume in Europe, say iTraxx traders, but has left the market well balanced

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

Go long Europe and short Crossover, says trading desk
BNP Paribas’ trading desk has recommended it is time for investors to go long iTraxx Europe while short Crossover

Ireland and Greece fortunes diverge as bailout talks progress
There has been notable differentiation in the performance of European peripheral sovereign credits today, with Ireland and Portugal picking up a rally while Greece has pushed slightly wider

Index rolls trade wider than expected
Today’s roll of iTraxx credit indices as seen the new series 14 Crossover come in at a bigger differential than had been predicted purely on compositional and curve effects

Traders caught out in HY whipsaw
Today caught traders with a whipsaw action of US credit index CDX HY on strong volumes

Europe rallies inside IG as US celebrates Labor Day
An optimistic mood has greeted European credit markets at the start of the week, with iTraxx Europe trading inside CDX IG for the first time in a month

Insurer moves help push investment grade tighter
Insurers were in focus in the investment grade credit market, with a sharp move tighter by several names

Risk aversion returns ahead of weekend as euro hits low
Risk aversion has returned to the credit market today with Europe hit hardest after the euro hit an 18-month low against the dollar

New improved TRS: now less likely to lead to blood stains
Banks that provide total return swaps on portfolios of leveraged loans are tweaking structures to ease investors’ worries about the market value triggers in these financing packages

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

LCDX outperformance holds firm in face of cash bwic
Yesterday’s trading saw an outperformance of LCDX over HY

More sovereign plight prompts bearish start to week
Global sovereign credits look weak again today, with a general widening of five-year spreads and further inversion of curves on riskier names

Lyondell surge gives hope on recoveries
Lyondell surge gives hope on recoveries

Toronto Dominion beats Q3 forecasts despite $288 million credit hit
Toronto Dominion beats Q3 forecasts despite $288 million credit hit

Euphoria over France Telecom's dropped bid diluted only slightly by market
France Telecom's CDS tightens.

Traders fickle and few in tug o' war for credit indices
Traders fickle and few in tug o' war for credit indices

iTraxx indices out on GE financial services difficulties
Without vacations, indices would likely have gone wider, dealers say.

iTraxx indices tighten as market digests UBS writedowns
Credit default swaps in UBS and Deutsche tighten post writedown claims.

iTraxx indices have plenty of reasons to widen
iTraxx indices erase all of the week's tightening.