Managers vie for shortlisting at premier credit awards
Apollo Global, Guggenheim and Alcentra are among the managers that have secured places as finalists in next month’s keenly awaited Creditflux Manager Awards ceremony

Spain moves tighter as EU agrees to bigger budget deficit target
EU says Spain must still reach deficit target of 3% of GDP by 2013

Traders scramble to secure international law Greek bonds
Uncertainty reigns over whether or not international law bonds will receive better debt exchange terms

Traders turn bearish on Ireland on referendum vote uncertainty
Ireland significantly underperforms as traders turn bearish on sovereign

French auto goes tighter as it sharply reduces debt
Firm says it retains its focus on maintaining free cash flow in 2012

Sovereigns give up gains as Greek default fears return
Sovereigns reverse recent tightening as fear of potential Greek default grow once again

UK sovereign spread ticks wider as threat of downgrade grows
UK may lose triple A rating as contagion from eurozone woes spreads

Increased profits power energy utility's spreads tighter
2011 profits more than double from a year earlier

Paper company gaps tighter as it books higher earnings
Paper and pulp company spreads fall to under half what they were a few months ago

Newly launched hedge fund profits from CLO trade after dispute is settled
A New York hedge fund, which recently completed its first CLO purchase, has sold out of the asset and netted a quick profit, say sources

Cash credit liquidity overtakes CDS as real money steps in
Bullish market sentiment, the exit of several key CDS players and a flood of primary bond issuance, have helped to drive cash liquidity above that of CDS

Credit investors tune out of RadioShack after poor results
CDS spreads blow out following poor earnings results announced late on Monday

Traders turn on Portugal as risk of triggerless default recedes
Renewed confidence in the utility of credit default swaps has been behind one of the most dramatic credit market moves of the first weeks of 2012

Italian corporate goes wider as it has to pay up to place new issue
First Italian corporate to place new issue this year will have to stump up substantial premium

Short squeeze drives US financials tighter
Fast money looks to cover short positions