High yield cash appetite growing, say traders
US traders reported yesterday that cash credit continues to receive strengthening appetite, with smaller high yield new issuance doing particularly well

Structured credit funds go on strong run
This month sees the addition of several new funds to our listing of credit hedge

Babson brings teams together as distressed goes mainstream
Babson Capital’s mammoth bank loan group has joined forces with its high yield bond and distressed debt business

Distressed funds chase battered auction rate securities
A new group of hedge funds and bank prop desks chasing yield are bidding up prices in the $149 billion distressed US auction rate securities market

Trups CDOs fell Washington state bank
A bank based in Washington state was closed down by its regulator on Friday after suffering repeated write-downs on its investments in trups CDOs

Lower mezzanine CLO b-wic attracts bids
Lower mezzanine CLO b-wic attracts bids

Troubled CLOs second priority notes are now in default, says Moody's
Moody’s says it now considers the originally Aa2 class B notes of a 2002 CLO to be in default, after a long legal battle which has resulted in coupons being held in an escrow account

Bank pushes for new benchmark spread on forthcoming CLO
Citi is in the market with what would be the first public CLO this year    

CDO liquidation sale set for tomorrow
CDOs with a face value of $237 million will be sold when the a high-grade ABS CDO, which was underwritten by Citigroup, is liquidated tomorrow  

ABS CDO set to liquidate next Tuesday
A 2005 CDO of ABS, underwritten by Greenwich Capital, will liquidate next Wednesday (3 March)  

Bids on recent vintage CLOs fail to hit seller's reserves
At best six of nine US and European CLOs traded on Wednesday morning through a bid-wanted in competiton list

CDO b-wic trades despite shift to private sales
A bid-wanted in competition list yesterday prompted some trading in mezzanine ABS CDO paper, but the bonds changed hands for pennies in the dollar

CDO liquidation unleashes large block of CLOs
Yesterday saw a large portfolio of CLO assets auction as a result of the liquidation of a 2005 CDO of ABS

Secondary CLO prices shrug off broader market falls
Traders report that CLO prices are generally flat as the product's value has resisted a correction in the broader credit markets.

Electronics manufacturer seeks debt restructuring
Freescale Semiconductor has announced it is looking to issue $750 million in senior secured notes

Seller circulates European CLO bid list
A list of seven European CLOs was circulated to potential secondary buyers this morning, according to market source

Jumbo high grade ABS CDO set to sell $1 billion next week
A large CDO of ABS will liquidate next Thursday (11 February), making it the fourth visible ABS CDO liquidation over the past two weeks