Loan-to-bond switch sees name drop out of LCDX
Loan-only credit default swaps referencing a double B rated wireless company have been cancelled, after the company disclosed in its quarterly earnings filing last week that it has repaid its loans

Bank hires global structured credit trading head
A bank has hired a global head of structured credit trading

CLO portfolio liquidation finds ready buyers
The auction of a portfolio of mezzanine CLO bonds shows the continued risk appetite in the secondary CDO market

Large blocks of CDOs hit the market as high-grade CDO liquidates
Highland Capital Management’s Tierra Alta Funding, a $2.5 billion high grade ABS CDO will be liquidated this week with bids for the transaction’s CDO bucket due today

European CLO bid list kicks of busy week for CDO secondary
A sixteen item cash CLO b-wic on Monday at 10 am kicked off a heavy schedule of liquidations and auctions this week

CDO forced liquidation set for Wednesday
CDO forced liquidation set for Wednesday

Asset-backed manager to liquidate CDOs
Asset-backed manager to liquidate CDOs

Today's US payrolls will drive next market move, say traders
European credit markets have opened wider today ahead of imminent US non-farms payroll figures, which traders say could be highly significant in determining the direction of next big move

High grade ABS CDO lined-up to liquidate CDO holdings
A high grade ABS CDO is on schedule for liquidation on 11 August, and the sale will include 25 CDO items

Turbos power bids on double B CLOs
A three item bid list of mezzanine cash CLO bonds from the 2007 vintage traded on Wednesday, in a relatively light week for secondary CDO activity

Electronics maker writes off CDO investments
A European electronics company said today it has written off its portfolio of CDOs, taking a write-down of €10.12 million

Jones Apparel CDS rallies strongly after Q2 results
Jones Apparel CDS rallies strongly after Q2 results

Credit rally pauses as single name fortunes diverge
After the strength of yesterday’s continued rally, European credit has started today with a mixed picture

Holder puts large portfolio of CDOs up for sale
A European holder is looking to sell a large block of CDOs mixing CLOs and CDOs of ABS through a synthetic bid list

Bank CLO investors eye synthetic restructuring deals
Credit structurers are looking to tap into surging demand for leveraged exposure to triple A assets as the structured credit market comes tentatively back to life

Credit specialists team up to launch multi-strategy fund
An ex-Credaris trading trader is joining forces with a former and another fund management specialist to launch a new credit hedge fund

Viewpoint - Consolidation: part II
Stone Tower’s James Galowski believes CDO manager consolidation has only just begun