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

Spotlight on airlines - Waiting for take off
The recession has seen 30 airlines go bust. Now the survivors are hoping that a predicted growth in passenger numbers will lift them back into profitability

Airplane maker aims at quick tender to extend maturities
Credit default swaps referencing transport manufacturer Bombardier have tightened following its tender offer

Long-short redemptions hit credit manager
London-based credit specialist BlueBay Asset Management said today that its long-short assets under management fell by 52% in the year ending June 2009 to $2.8 billion as a result of $1.5 billion of net redemptions and a $1.5 billion fall in value

US publisher bankruptcy hinges on exchange offer
Educational publisher Haights Cross Communications announced yesterday that it will extend the expiration date for its private exchange offer in hopes of avoiding bankruptcy.

Asset manager offloads $3 billion of CDOs
A money manager sold off some $3 billion in face value of CDOs of ABS on Friday (19 June) in an auction due at 11:30 am, representing the largest known auction of cash ABS CDOs to date

Regional bank writes down trups CDOs by 99%
A US regional bank has written down its portfolio of trups CDOs to one cent in the dollar

Babson acquires distressed debt manager
Springfield and Boston-based investment management firm Babson Capital Management has acquired Murray Capital Management’s distressed debt management business

Rumours of losses at RBS leave CDS wider
Financial CDS keeps on widening.

Moody's CPDO downgrades add to iTraxx pressure
Moody's says the combined weighted average index spread increased from about 35bp originally to 120bp today.

CDX IG hits another record
CDX IG surges after Bernanke and Philadelphia Fed Index points to recession.

Monolines hold up in CDS as disclosure lessens blow
Monolines hold up in CDS as disclosure lessens blow

RBC prices ABS synthetic
RBC prices ABS synthetic

Morgan Stanley sheds light on CDO exposure
Morgan Stanley sheds light on CDO exposure

Cheyne slashes fund NAV
Cheyne slashes fund NAV

Manager looks to add leverage to equity tranche vehicle
Manager looks to add leverage to equity tranche vehicle

Bonus slump sorts heroes from zeroes
Bonus slump sorts heroes from zeroes