Squarepoint takes over from CSAM as it supports star trader's new long-short credit fund
Arini, led by highly regarded former Credit Suisse trader Hamza Lemssouguer, has found support in Squarepoint Capital as it launches its first European credit fund

German real estate co surges tighter on asset sale review
Adler Real Estate is a big improver in European credit at the start of the week, after the company notified investors that Adler Group will initiate a strategic review as it looks to cut leverage

German real estate co hits new wides as single names catch up with index rout
Adler Real Estate is again one of the biggest movers in the European credit market, as the week comes to a bearish close and October begins with heightened uncertainty

Adler resumes downward slide as European real estate woes mount
Market sentiment is weighiing heavily on European real estate once again, with Adler bonds and CDS in particular adding to their recent deterioration

Investors shrug at new Evergrande bond deadline a week on from roll havoc
Chinese real estate giant Evergrande looks unlikely to meet a $45 million bond payment due on Wednesday despite reports it plans to sell a $1.5 billion commercial bank stake. But credit markets are showing very little reaction despite initial default concerns having up-ended CDS index rolls only last week

Healthcare M&A offers diverging prognoses in high yield as market recuperates
Grifols, the Spanish healthcare business, is making a push wider at odds with rallying markets, having brought €2 billion equivalent of bonds to back its acquisition of European plasma player Biotest

Chinese power crunch brings off day for credit as investor optimism dims
Concerns about a China slowdown, Germany's election result, rate hikes and the US government's inability to lift its debt ceiling have contributed to a sharp move wider in credit, as investors attempt to digest a variety of big unknowns

HY set to roll after rocky week scuttles investors
Market participants are holding their breath ahead of the roll of US high yield index CDX HY, after a week of volatility and fund outflows

Credit rally extends as Fed hurdle passes and Evergrande views evolve
Credit markets are rallying for a second day, after the US Federal Reserve meeting indicated a shortening timeline to rate hikes but no shocks. A key deadline for China Evergrande bond payments still overshadows the Thursday session, but investor expectations have gravitated to a more localised impact for any fall out

Barclays fills gap by hiring global macro credit trading head in New York
Banks are moving quickly to make sure they are staffed up in credit trading with Barclays bringing in an experienced trader in New York

Credit optimism returns on Evergrande and Fed but big questions loom large
Credit markets have moved onto a firmer footing, with one day of this week’s US Federal Reserve meeting out of way and troubled Chinese real estate behemoth Evergrande having negotiated a domestic yuan bond payment. But there is plenty of room for upset in the coming sessions

Deutsche Bank adds credit trading head to US build out
Deutsche Bank is looking at the next phase of its US development with the hire of a credit trading head from another bank 

Real estate panic brings turbulent changeover for credit indices
New credit derivative index series have emerged at much wider levels, after a turbulent market rout made roll day more challenging for participants

Dealers tweak IG roll changes but rising star HY names still don't make cut
Dealers have revised their list of provisional changes to the CDX IG investment grade index ahead of its roll to a new series next week, with administrator IHS Markit citing recent trading activity as reason for the move

Single names take spotlight from indices with one week to roll day
Single name credits are taking a day in the spotlight for once, as the credit indices present a very flat backdrop at the start of the week

Credit shrugs off ECB tapering signal, but strategists warn of IG vulnerability
Credit markets are ending the week on a firm footing after taking in their stride the European Central Bank’s message that it expects to limit asset purchases in the coming quarter. But some parts of the market look more vulnerable than others, say strategists

Rising star portfolio has room to run, says JP Morgan
The theme of 'rising stars' still has room to run and investors should consider a basket of candidates to benefit in the coming months, according to JP Morgan credit strategists

UK retailers get frosty reception after price hike warning
UK retailers face spread widening pressure on Tuesday against an otherwise flattish backdrop, as supply chain issues stack up prompting concerns of winter stock shortages and higher prices for goods

Rally resumes as investors read US job miss as tapering delay
Credit and equity markets have opted to rally - albeit far from emphatically - after digesting the import of the US missing its August monthly news jobs target by a big margin, which could bring a setback for hawkish central bank voices

Tabula launches ESG compliant Asia ex-Japan high yield ETF
Fixed income exchange traded fund provider Tabula Investment Management has launched what it says is Europe's first dollar-denominated Asia ex-Japan high yield corporate bond ETF compliant with environmental, social and governance standards

High yield compression has one last push after real yields turn negative, says BofA
With real yields for European high yield bonds having turned negative, Bank of America credit strategists see "one last hurrah" for spread compression trades

"There are concerns about volatile sectors in high yield, but IG may be vulnerable to macro changes"
High yield has heavier exposure to energy and travel credits, but IG has more rate duration

Investors take deep breath ahead of US jobs report
Credit and equity markets are taking a cautious pause ahead of Friday's much-watched US jobs data, which could provide new context for discussions on central bank support for assets in the coming weeks

Credit hedge funds (September 2021)
Credit hedge fund returns