Short-covering boosts CDX indices after European close
Short-covering boosts CDX indices after European close

Correlation trading focus shifts to HY tranches
Correlation trading focus shifts to HY tranches

CDX HY underperforms as credit market stabilises
CDX HY was yesterday’s underperformer among credit indices

New global default rate measure shows negligible corporate defaults
New global default rate measure shows negligible corporate defaults

LCDX attracts volumes as credit moves higher
The LCDX index, which is rolling from series 10 to series 12, was the focus of attention in the credit derivatives market yesterday

Traders size up long-awaited LCDX roll
US loan credit default swap index LCDX is set to roll today, after more than a year since the last change-over

Single name traders tread cautiously on big bang day
US single name credit default swap trading was muted on the first day of the new "big bang" standard North American corporate (SNAC) contract yesterday

Big Bang tranche delay sparks buy-side fury
A dealer decision to postpone rolling into new tranche conventions has drawn complaints from buyside correlation traders

Analysts raise default predictions
Analysts raise default predictions

CDX HY tranches active despite muted roll
CDX HY tranches active despite muted roll

European spread widening is not a market turn, say traders
European credit spreads have today broken the rallying trend seen over recent sessions by pushing back wider

Shorts smashed as credit rally accelerates
Shorts smashed as credit rally accelerates

European and US index rolls diverge
European and US index rolls diverge

CDS traders say roll may push investment grade tighter
Traders report relatively thin trading in investment grade indices yesterday ahead of today's roll

Loan CDS dealers delay index roll
Credit derivative dealers agreed late last night to delay the roll of the LCDX North American loan index by two weeks from 3 April to 15 April

Credit spread snap-back catches out shorts
Credit markets, along with stocks, saw an unexpected snap back today that caught out many participants, say traders

Listed credit fund reports sharp rise in mid-market loan defaults
A listed permanent capital vehicle, said that 4.8% of its portfolio of mainly middle market corporate loans were impaired at the end of last year

Dealers to drop LevX sub and 25 names from senior
Dealers have voted against rolling the LevX Subordinated index into a fourth series on 20 March

CLO equity floods the market as manager liquidates fund
An auction of 23 CLO equity positions due this Friday is understood to result from the liquidation of one of the biggest CLO equity funds

Loan traders split on LCDX tranches
Loan credit default swap dealers are split on the best way to quote and trade tranches on the LCDX index