Leisure and retail companies improve despite UK rates and travel rule noise
Easing of market tensions around the omicron covid variant have allowed traders to broadly mark single name credit spreads tighter on Wednesday, despite caution returning to indices over central bank policy and travel restrictions

US leads charge in strong relief rally
Credit markets have entered a relief rally on rising optimism the omicron covid variant will not prove as severe as had been feared

Lev loan index rule change proposed to meet Sofr switch
Leveraged loan index stakeholders are being asked for feedback on a proposal that would allow the inclusion of loans linked to Sofr and scrap a minimum spread rule

Euro bonds set to outperform US despite big fund outflows: BofA
The November credit crash has left Euro investment grade bonds wider than those in the US, a rare occurrence that sets the scene for a January rally, say Bank of America credit strategists

Global credit spreads trade out of time amid omicron whipsaw
The sharply oscillating action in credit spreads is evident for a fifth day straight on Thursday, but the timing of market reactions is taking US and European daily performance out of sync

US extends broad hit on credit but German resi giant faces personal dramas
Travel related companies are among those hit hardest in credit as the Tuesday sell off deepens with the US trading session, but investors in German real estate company Adler have endured a torrid day as they digest its third quarter results

Reality check for credit as omicron research timeline extends
Another dose of harsh reality has sunk into financial markets on Tuesday, as investors continue to reappraise the impact of tightening travel restrictions and the timeline for pharmaceutical work to address the omicron covid-19 variant

Traders hunt for Monday bargains in Black Friday debris
The turmoil of Black Friday has given way to a counter-wise move on Monday, with financial markets latching onto scraps of hope over the weekend following the panic of a newly discovered covid-19 variant

US travel, energy and retail credits take big hit as variant rout extends
The widening trend in credit is extending as the weekend approaches, with US spreads picking up the baton from Europe's earlier surge

Past form points to bleak picture for IG fund flows as new covid variant emerges: BofA
With a new covid-19 variant for investors to worry about, faltering high grade fund flows face additional headwinds versus high yield and government bonds

Nu variant panic sends credit spreads to the year's wides
The discovery of a new covid-19 variant has routed financial markets at the end of what had already been a dour week, sending credit spreads to their widest of the year

Convergence traders dine out as Europe widens in US absence
Traders betting on Europe / US credit convergence have much to be thankful for on Thursday, with the gap between investment grade CDS spreads having vanished and high yield noticeably reduced

Dispersion returns at wide end as credit deterioration extends
Credit spreads are back to their widest since mid-October - and approaching the year's extremes - amid a second straight session of sharp deterioration

Loans will be winners in bearish year for credit: BNP Paribas
Floating rate loans are best positioned for a year of widening credit spreads, but high yield bonds will outperform investment grade and EM credit is set for losses, says BNP Paribas in its 2022 outlook

Spreads jump wider as Fed chair gets another four years
Financial markets have not reacted well to the nomination of US Federal Reserve chair Jerome Powell for another four-year term, taking this as signal for a more hawkish path of policy

Telco and retailer gap wider as PE firms circle
Telecom Italia is one of the Monday credit market's biggest underperformers, in an otherwise finely poised start to the week

Covid fourth wave lockdowns hit credit with travel cos under pressure
A flattish week in credit gave way to a spread widening move on Friday, as investor concern focused on a fourth wave of covid-19 cases in Europe and further signs of Chinese economic slowdown

Citadel promotes credit head to co-CIO
Citadel has promoted its global credit head to co-chief investment officer

Oaktree raises largest ever fund with $15.9 billion for "opportunistic credit" strategy
Oaktree Capital Management has closed its largest ever fund, collecting a whopping $15.9 billion on its latest opportunistic credit strategy, Oaktree Opportunities Fund XI

HPS targets $9.5 billion for fifth mezzanine debt fund
HPS Investment Partners is targeting $9.5 billion for its fifth global mezzanine debt fund, HPS Strategic Investment Partners V - but unlike earlier vintages, HPS says it will not target opportunities within the upstream energy space

Slow and sustainable trades will win race in '22: BofA
A year on from the US presidential election and unveiling of covid-19 vaccines, the credit compression looks challenged. But 'laggards' and sectors with strong capex growth still hold promise

Credit bull run falters as central bank glow abates
Thoughts that the credit market had taken a positive directional shift are turning, after Tuesday’s session has brought a sizeable retracement wider, but credit strategists predict an overall firming of tone into the end of the year off the back of dovish central bank meetings

Blackstone Credit names tech investing head
Blackstone Credit has promoted a New York-based official as its global head of technology investing

Citi's former correlation trading star takes on new risk head role
Citi's former head of credit correlation trading has taken on a new role in the bank, becoming head of in-business market risk for global markets

Europe dominates ESG issuance, but US is racing to catch up: BofA
The stark gap between European and other regions in issuing ESG bonds has been thrown into the spotlight by last week’s COP26 summit. Nevertheless, encouraging data suggests the US is accelerating fast in its drive to bridge the gulf, finds Bank of America