Greece? Who was worried about Greece? Spreads move tighter again
Credit spreads seems to be staying tighter today, as traders in many countries look forward to a long weekend

Listed credit fund puts in strong monthly performance
A structured credit investment vehicle put in a 6% rise in net asset value in March, after marking up assets across its portfolio

Private equity firm buys CLO equity investor
A private equity and distressed debt manager is buying a minority stake in a business development company and taking over as its manager

Traders look to auctions for direction on Greece
Traders are closely watching planned Greek short-term bond auctions today, to judge whether or not the spectacular rally of the last two trading days can continue

Sovereign panic hits European financial spreads
Greece problems are again holding the attention of the credit market today

Bank desk recommends Lafarge step-up bond trades
BNP Paribas trading analysts have made two trade recommendations based on their view of a 50% likelihood that Lafarge is downgraded to BB+ by either Moody’s or S&P following Q1 results

Dealer desks trade $1 billion through HY on 'quiet' roll
Yesterday's CDX HY index roll saw the differential between outgoing series 13 and incoming 14 slightly greater than its 1.5 point ascribed fair value

Indices tighten as roll jitters settle
Credit indices are continuing to rally today, with traders reporting a return to fair value following yesterday’s sharp early widening in the roll

Incoming index series trade wider than expectations
Today’s roll of iTraxx and CDX credit derivative indices is seeing the incoming series trading wider than analyst expectations

Sovereigns lead move wider on new Greece concerns
There are new jitters in the sovereign space over reported comments from a German official that Greece won’t get EU aid next week and may have to turn to the IMF.

London-based credit hedge fund goes live
A London-based manager has launched a new credit hedge fund  

Incoming iTraxx indices to roll wider, says trading desk
With the week ahead set to see traders prepositioning for the March index roll, BNP Paribas trading analysts have listed the theoretical values for the incoming iTraxx corporate indices

Manager set to wind down long-short credit hedge fund
Remaining investors will shortly redeem all the capital managed by a long-short credit hedge fund        

US loan manager winds up credit opportunities fund
A US mutual fund manager is merging one of its closed end credit funds with another fund which invest in a broader range of fixed income assets    

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