The sell-off is turning systemic, says Bank of America
Bank of America research suggests tranche trades as iTraxx constituents move wider

Fundamentals, not QE, will drive credit in 2016, say investors
Credit market survey by Citi shows investors see credit fundamentals as key to driving spreads

Investors pile back into credit indices, DTCC data shows
Investors are going long through the investment grade index once again, according to BAML's analysis of DTCC data

High yield term structures plunge into negative territory, finds Barclays
Options on the CDX high yield index imply that markets see a shock in the short term for high yield credit

Rise in investment grade leverage is not what it seems, says Barclays
Barclays says that some investors are attaching too much importance to an apparent rise in leverage among investment grade US borrowers

IG investors should switch into triple Bs for year-end, says Credit Agricole
Investment grade investors should position for a compression in spreads with lower rated names catching up 

VW troubles show the value of ABS over corporate credit, says Prytania
Structured credit fund manager Prytania Investment Advisors has highlighted the stability of structured credit investments in comparison to corporate credit risk

Watch equity markets for credit signals says, SocGen
French bank's credit strategy team are positive on credit, but warn of shareholder friendly action 

Risky portfolios pay off for 2013 CLOs, finds Wells Fargo
2013 CLOs with the riskiest portfolios have paid the greatest returns to equity, but they are risky in different ways

Debut bond issuers pay up to 130bp more, finds Barclays research
A note from Barclays credit research team looks at the higher yield and lower price for first time issuers 

Beware issuers with two to three year maturity walls, says Barclays
Research into the maturity profile of defaulting issuers shows imminent debt walls may not be a great indicator 

European funds will grow as banks keep pulling back, says Moody’s
Reports from US ratings agency argues European banks will move from hedging to selling assets

iTraxx index is a solid hedge against bond sell off, says SocGen
Societe Generale research argues that basis between cash and CDS is stable and iTraxx makes a good hedge 

Bond sizes don’t matter anymore, finds Bank of America research
Research into European bond market liquidity claims there is no longer a premium for smaller deals 

CLO investors are not getting the full picture on cov-lites, according to report
A new research piece by Moody's Analytics highlights the gap between reported CLO cov-lite concentrations and true cov-lite concentrations in some CLOs.

Gimme Credit announces push into emerging market credit research
Credit research provider Gimme Credit has announced the launch of a service to provide recommendations on emerging market bonds.