Holder kicks back bids for European mezz CLOs
A London-based money manager kicked back mid-20s to high-30s bids on several European mezzanine cashflow CLO bonds that it tried to sell this week

Triple A CLOs prices are faltering, say traders
A recent auction shows that secondary prices for triple A CLOs may be weakening

MGM bucks the trend with lowest LCDS recovery since June
On 10 November dealers took part in a credit auction to settle loan-only credit default swaps referencing MGM.

Isda committee sends restructuring case to external review
For the first time, Isda’s determinations committee has sent a question for external review

JP Morgan recommends correlation shorts
In the latest issue of its Global Tranche Trader report, JP Morgan recommends several trends that will benefit from a fall in implied credit correlation

Investor offloads CDOs-squared
Several tranches from Babson Capital’s CDOs of CDOs, Connecticut Valley 2 and Connecticut Valley 3 were sold on Friday by a single seller

US broadcasting company warns of bankruptcy
In its most recent SEC filing, Citadel Broadcasting reported that there is a possibility of it filing for chapter 11 bankruptcy.

Trups CDOs win bids despite debt-exchange uncertainty
An auction of senior trups CDOs produced a decent amount of trades last week despite the growing uncertainty over valuations in the sector

Former SIV investors sell-off $1.3 billion in ABS CDO positions
CDO assets totaling $1.37 billion which were originally from the IKB-sponsored Rhinebridge structured investment vehicle are lined up for auction today through a major broker-dealer

Mid market CLOs catch a bid
An auction this week of US middle market CLO tranches saw prices approaching those of broadly syndicated deals

US bank scoops up secondary CLOs
A leading US bank was a major buyer of cash CLOs coming from several b-wics on Thursday, say market sources, as bid lists continued to come thick and fast

Junior credit tranches widen ahead of CIT default
The growing inevitability of a credit event by CIT drove strong moves in the credit correlation market on Friday

Triple A CLO prices resisting rally in Q4
Triple A CLO prices still have yet to move up in price this quarter

Default rate falls dramatically
Defaults amongst corporates and financials noticeably slowed in September, and increased only mildly in October

Credit hedge funds put in strong returns
September was another strong month for credit hedge fund returns, with all but four of the funds in our listing putting in a positive performance

Investors look to sell CLO equity
Holders of CLO equity are looking to tap into the strengthening rally for subordinated bonds, as illustrated by the apparent sale of two equity positions yesterday and a $35 million auction planned for today

Price surge leaves commercial real estate CDOs lagging
Cover bids released to a handful of select investors from a recent auction of CMBS and CRE CDOs suggests that these assets have lagged the general surge in structured credit prices

Loan bid list provokes intense interest
Large numbers of bids are expected for a bid list that closes at 10am New York time today - see list in full

Holders take profits as CLO auction prices reach new high
Money managers took profits last week, selling dozens of CLO bonds ranging from equity to junior mezzanine tranches