LCDX tranche trading pushes correlation to new extremes
LCDX tranche trading pushes correlation to new extremes

Crossover name takes drastic rating action
Sol Meliá’s request for its high yield rating from S&P to be withdrawn ahead of the March roll for iTraxx indices has stirred echoes of a similar request made by BAA to Moody’s in September last year

Capital structure trades hit block
Capital structure trades hit block

Shorting fears help delay launch of European mortgage-backed indices
Shorting fears help delay launch of European mortgage-backed indices

Japan set to expand into commercial real estate CDOs
Japan set to expand into commercial real estate CDOs

Credit structurer moves to buy side
Credit structurer moves to buy side

Spread-widening spurs first-to-default baskets on sovereigns
Spread-widening spurs first-to-default baskets on sovereigns

ACA pain spreads far and wide
ACA pain spreads far and wide

Bid lists fly as distressed buyers shun lower rated assets
Bid lists fly as distressed buyers shun lower rated assets

Brevan Howard brings in New York credit head
Brevan Howard brings in New York credit head

FrontPoint joins search for stressed ABS
FrontPoint joins search for stressed ABS

LDFM halts credit derivatives launch
LDFM halts credit derivatives launch

Loan market falls as volatility increases
Loan market falls as volatility increases

Sudden flattening of curves in January leaves ‘blood on the walls’
Sudden flattening of curves in January leaves ‘blood on the walls’

Investors hit CDO valuation snag
Investors hit CDO valuation snag

AIG likely to face big write-offs after model discussions
AIG likely to face big write-offs after model discussions

Korean investors mull CDO return
Korean investors mull CDO return

Lenders forced DBRS to quit Europe
Rating agency DBRS’s sudden decision to close its European offices was prompted

Monoline woes focus bankers’ minds on documentation risk
The turmoil facing the monoline industry has brought an old issue back to the forefront of many credit derivative dealer’s minds

Dealers seek new standard tranches as ABX volumes switch to triple A
Dealers seek new standard tranches as ABX volumes switch to triple A

Dealers split on push for non-cancellable contract
Dealers split on push for non-cancellable contract

New institute for synthetic CDO investors sets date of first meeting
New institute for synthetic CDO investors sets date of first meeting

Loan traders snap up European "bargains" as market bounces
Loan traders snap up European "bargains" as market bounces

Award created for LSE students
Award created for LSE students

Dealers start push for trades in CMBX tranches
Dealers start push for trades in CMBX tranches