Making a case for pre-funded bonds
They may not be commonly issued but collateralised coupon bonds should be more attractive to investors than zero coupon bonds

Citi prices CLO bringing 2012 volumes close to $50 billion
2012 CLO issuance figures are edging ever closer to the $50 billion mark helped by Citi pricing a new deal

Top credit BDCs put in strong returns
Business development companies that invest in mezzanine and other mid-market US loans returned on average 8.9% to investors last year

Credit spotlight: Still loving it
Leverage is high but the fast food sector is doing well even as consumer spending falls – so it’s no surprise that credit investors are tucking into large portions

Credit tightens back after US retailer's January sell-off
Credit markets have tightened slightly today, going into the end of the week, despite yesterday’s weakness at the close of US trading

Recent euro CLOs trade out of trouble
Some 2007 European CLOs have shaken off their difficult start and, with the help of active trading strategies, have performed strongly in the past six months

B-wic volumes show health of CLO market
A total of 214 individual CLO positions were put up for auction through 31 separate bid lists last month

Investors brace for CDO-squared liquidation
New York-based manager Stone Tower Capital will auction 52 bonds of a liquidating CDO-squared transaction on Tuesday (9 March)

Diverse CLO b-wic attracts bids
On Friday five bonds were sold from a bid list of six mezzanine cash flow CLOs, most of which were originally rated triple A or double A

Credit growth bolsters squeaky clean Santander
Santander said yesterday that it doubled its income from credit in the first quarter of 2009 compared to the same period of last year

Wider option bets expire worthless as IG holds ground
Yesterday’s thinner year-end trade saw little change in credit index levels, but brought significance for expiring index options

CMBX collapse spooks credit market
CMBX collapse spooks credit market

German bank adds €145 million of write-downs
Hypo Real Estate bank added a further €145 million of CDO write-downs when it reported its second quarter results today

The French revolution
The correlation trading business is becoming more concentrated, with some dealers stepping back while others become more active. French banks are emerging as the new leaders of the CSO business

Equity widening leaves traders stumped
Equity widening leaves traders stumped

Barcap returns Q1 profit despite £1 billion new credit write-downs
Barclays today issued an interim statement revealing just over £1 billion additional credit-related write-downs at Barclays Capital in the first quarter

UK bank adds $2 billion of subprime write-downs
UK bank adds $2 billion of subprime write-downs

US daily summary 071016
US daily summary 071016

Special report: Single-tranche trades drive soaring synthetic volumes
Special report: Single-tranche trades drive soaring synthetic volumes