Axa ramps up credit fund to take on loan portfolio slices
Axa Investment Managers is ramping up what is thought to be the largest fund launched to date targeting synthetic opportunities in bank regulatory capita

Deutsche Bank tops new ranking of CDS dealers
Deutsche Bank emerges as the top market maker in credit default swaps, according to the first ever league table of single name and index dealers

Hate Greece? Hit Poland instead
Investors’ efforts to hedge their Greek debt exposures are causing some odd moves in the sovereign credit default swaps market

Brewer's move wider pauses as market assesses hostile bid
CDS spread flat this morning after move wider yesterday

Traders loot junior tranches as market burns
Amidst the carnage of today’s broad market sell off, some CDX HY tranches went sharply against the tide

Contagion from sovereign woes hits financials as banks trade wider
Spanish and Italian financials begin to feel the heat from sovereign woes

Credit funds put in strong half-year performance
The first half of 2011 saw some spectacular returns in certain credit hedge fund categories

Bank moves tranche market with protection buying spree
Rumours of a large buyer of tranche protection circulated on Friday

Sovereigns reverse tighter on ECB bond-buying rumours
European sovereigns headed wider again today with a continuation of yesterday’s credit risk aversion impacting trading volumes, but spreads and bond yields have since reversed.

US outperforms Europe amid Italy and jobs data talk
The strong outperformance of US credit over Europe is continuing today, with sovereign concerns again sending European credit spreads wider

Market reels after Portugal is cut to junk
Portugal’s credit default swap spread has surged wider by 95bp today after Moody’s cut  the country to junk

Sharp widening continues as US economic worries take focus
The muted relief yesterday that greeted Greece’s vote of confidence quickly gave way to another round of selling and today increasing worries about the US economy are adding to the negative ton

Bank boosts EM build-up with hire of global credit trading head
A bank's recently departing global head of emerging markets credit trading is to join another firm's rapid build up. 

Greece surges wider even as CDS trigger debate continues
Greece credit default swaps have surged wider again today, with today’s European finance meeting locked in stalemate over how to resolve the country’s debt crisis

CMBS sells off heavily amid fears of a flood of selling
Yesterday's US session saw a heavy sell-off of CMBS amid fears of a large auction tomorrow 

Greece leads end-of-week rally after agreeing new bail-out
Peripheral sovereign credit spreads are outperforming at the end of another volatile week, with Greece leading the way after having agreed in principle a new bail-out package