Europe leads rally ahead of Fed despite mounting concerns from Asia
Credit markets have begun the week on a firmer tone, with Europe outperforming, despite concerns that rising covid-19 cases in China could add a further source of supply disruption

Rising stars and Russia drive credit index roll changes
Rising stars will feature prominently in this month's roll into new iTraxx and CDX index series, but the market's riskiest names will remain in high yield baskets while at least one company falls foul of its links to Russia

German real estate firm leads way as credit makes another lurch tighter
Adler, the German real estate investment group, is among the outperformers in Friday's rallying credit market, despite an audit by KPMG having been unable as yet to refute allegations made against the company

Volatility has teed up decompression trades: Barclays
Recent credit market turbulence has brought relative value trading opportunities between cash bonds and CDS, credit and equity as well as between investment grade and high yield, particularly in Europe

Nuclear power plant seizure amps up commodity chaos
The high volatility driven by Russia's invasion of Ukraine is taking financial markets to new extremes, with credit ending the week once again hitting new widest spreads since mid-2020

Ucits at a glance: 2022 opens shakily but with a familiar lead
Ucits funds moved slowly into 2022 as 59% made negative returns in January

Credit hedge funds (March 2022)
Credit hedge fund returns

"Rules require 5% risk retention, but for first loss CRS that is not enough"
PGGM's Mascha Canio takes our credit quiz 

Market whipsaw sends indices and their constituents in opposite directions
The speed and violence of the credit market's oscillation is causing disruption in index skews, with constituent single names struggling to adjust quickly enough against deepening macro volatlity

RBC names head of high yield trading and e-strategy for leveraged finance
RBC Capital Markets has promoted a high yield trader and head of leveraged finance digital strategy to the position

Euro volatility outpaces US with pivotal hours ahead in Ukraine
Financial markets took another battering on Tuesday, as Russia's war with Ukraine ramped up and western countries moved to enact new sanctions

Yuzhou has no use for CDS auction despite triggering contracts: DC
Yuzhou Group will not require an auction to settle CDS contracts despite having triggered a failure-to-pay credit event, the Credit Derivatives Determinations Committee has ruled

Russia debt hits default levels amid FX and asset lock-up
Russia appears to be on the brink of default on its debt, with bonds and CDS pricing in the likelihood of an imminent trigger

Ukraine crisis takes EU and Russian markets into new territory
Credit spreads went back to the wides again on Monday, after the European Union intensified its pressure on the Russian economy and reached an unprecedented agreement to supply Ukraine with weapons

Market whipsaws tighter as west holds out on Russian sanctions
Extreme market volatility is extending into the weekend, with a big gap tighter in spreads on Friday as the credit market see-saws due to Russia’s invasion of Ukraine and the uncertain response of both western countries and China

Global markets reel as Russia goes to war with Ukraine
Russia’s invasion of Ukraine is sending shockwaves around the region and far beyond, with the military campaign demanding a sharp reassessment of where the spiralling crisis could lead

European credit rallies in stark discord with deepening Ukraine crisis
Cognitive dissonance looks to be afoot in the credit market on Wednesday, with indices rallying for a second day even as Russian and Ukrainian spreads move to new wides

German real estate co surges tighter despite market-wide single name sell off
Adler Group is a big improver in credit markets on Tuesday, against a broad sell off of other single names that has taken another European high yield company - Fives - to worrying risk levels

Investors look to US response after Putin lights touch paper on Ukraine intervention
Credit investors are left facing a what-happens-next moment after Vladimir Putin recognised the Donetsk and Luhansk regions of Ukraine as independent states, paving the way for Russian forces to intervene. In response the US has moved swiftly to impose new sanctions targeting the two regions

French co rattles investors on micro level as Russia overclouds macro
After a cautious opening, investors in the European credit market have resumed hedging as western leaders continue to talk up the prospect of Russia invading Ukraine and the Kremlin has dismissed hopes of a Biden-Putin summit as premature

Asian property co default in crosshairs as DC agrees to rule on failure-to-pay
Yuzhou Group is under consideration as a default trigger for CDS contracts, after the Asia Ex-Japan Credit Derivatives Determinations Committee agreed to rule on failure-to-pay question

Investors rush to hedge Russia as barrage of threats tee up nervous weekend
The prospect of a flare-up between Russia and Ukraine has left credit spreads back at their recent wide levels going into the weekend, with European investment grade credit particularly feeling the heat following 'false flag' headlines on Friday

Credit fund rout extends as storm winds buffet from all sides
Another choppy week for financial markets has extended the run of fund outflows, with investors fleeing from all parts of credit and even equity suffering a drop, with government bonds gaining traction

French airline flies against flock on pandemic repayment plans
Air France is a standout improver on Thursday against a backdrop of broad deterioration in single name credit spreads

Scramble to cover shorts extends rally, but analysts stub out tobacco
European outperformance of US credit is picking up despite the UK posting record inflation numbers, as optimism on Ukraine combines with the wrong-footing of investors that had positioned extremely bearishly