Credit Suisse research advises selling the iTraxx roll as a curve trade
Sell the iTraxx Main roll as a curve trade but the Crossover is harder to call says Credit Suisse research

RBS sees value in Spanish regional credit
RBS research recommends playing disparity between regions within Spain

Triple C credits put in impressive September performance, says Citi
Triple C credits outperformed other segments of US high yields market in September

Investors should look to Irish debt and shun Spain, says RBS
Irish debt a better investment prospect than Spanish counterpart says RBS in new research piece released this week

JP Morgan cools on credit and urges investors to buy downside protection
New research says investors should seek to get some downside protection

UniCredit recommends buying protection on Fiat
UniCredit analysts recommend selling five-year protection on Fiat at 325 basis points and buying five-year protection on Renault at 290bp.

Buy iTraxx super-senior protection, says BofA/Merrill
In light of central banks’ intentions to sustain base rates, Bank of America/Merrill Lynch credit derivatives strategists recommend buying protection on the iTraxx super-senior tranche.

Post-distressed exchange credits outperform, says BofA/Merrill
Bank of America/Merrill Lynch credit analysts conclude that both their existing and new bonds returned 91% so far year-to-date.

Goldman closes out correlation short recommendation
Goldman Sachs credit strategists closed their investment grade short correlation trade yesterday

Buy Gazprom 2015 bond, recommends UniCredit
UniCredit analysts recommend buying Gazprom’s 2015 bond.

Switch from Renault to Fiat bond, says UniCredit
UniCredit analysts recommend switching from Renault’s bond into the Fiat’s bond.

Maintain credit positions for sluggish recovery, recommends Deutsche
Investors should maintain credit positions for now, while accumulating long-spread positions by either selling treasuries, or paying fixed on interest rate swaps, says Deutsche Bank

UniCredit recommends CDS pair trade in electricity sector
UniCredit analsts recommend a credit default swap pair trade on Edison and Gas Natural, by buying five-year CDS on Edison.

Goldman identifies refi-risk corporate curve opportunities
In its credit research this week, Goldman Sachs posited potential curve steepeners, identifying names with higher-than-normal refinancing risk.

US and Europe investment grade inflows diverge, says JP Morgan
JP Morgan’s most recent credit research highlights the divergence between inflows from retail investors to US investment grade credit and inflows to sterling and euro-denominated funds.

UniCredit recommends Portuguese bank negative basis trade
UniCredit analysts recommend a negative basis trade on Banco Comercial Portuguese

Equity-credit divergence plays still attractive, say strategists
BNP Paribas analysts point out the recent divergence between equity and credit.

2010 to be year of alpha generation, says Goldman Sachs
Goldman Sachs strategists foresee credit markets with improved risk-rewards of relative value and lower correlations, thus bringing about differentiated recoveries across different asset classes.

Buy Imperial Tobacco's bond, says UniCredit
UniCredit analysts recommend a cash bond trade on Imperial Tobacco for their relative value trading idea.

UniCredit suggests negative basis trades on Volvo
UniCredit suggests negative basis trades on Volvo

Goldman Sachs recommends credit correlation trade
Asserting that credit correlation will take time to come down and is hence the last risk premium to normalise, Goldman Sachs strategists in their latest research make two trading recommendations.

Roll early to grab Crossover positive skew, says Barcap
Looking forward to the iTraxx series 12 roll, Barclays Capital analysts argue that investors should focus on skew, liquidity, curves, and fundamentals in order to exit from series 11 and enter series 12 as profitably as possible.

Go long Telenor and short TKA, recommends UniCredit
In expectation of Telenor’s spreads tightening, UniCredit recommends selling five-year protection on Telenor and buying protection on TKA.