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 

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 

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.

Investment grade returns fall, but it could have been worse, says SocGen
Falling credit spreads have mitigated falling returns in investment grade European credit 

Default rates are overestimated in credit indices, says SocGen
Moody's sees small uptick in global default rate, but Societe Generale research sees value in Crossover 

Crossover index will tighten after the roll, says BNP Paribas
The list of provisional names for inclusion into the iTraxx Crossover Series 23 index has been released and according to analysts at BNP Paribas, this will lead to a tightening of the Crossover curve.

Towers Watson hires credit veteran to research team in London
Investment advisory firm hires fixed income specialist as clients look towards credit smart beta 

European high yield set to go tighter, says Credit Suisse
European high yield credit may be set for a reversal in fortunes following its recent underperformance versus sovereign bonds plays out, say analysts at Credit Suisse.

Credit vol bid calls for new hedging strategies, says Credit Suisse
Credit Suisse research suggests hedging iTraxx Main trades with crossover works, to an extent 

New credit advisory firm BondAdviser launches in Sydney
New Australian firm BondAdviser launches to help put bonds on the menu down under 

Credit market is heading for a correction it can't handle, says survey
Research from International Capital Markets Association finds that credit managers believe a correction is coming and it could get ugly