Banks soak up selling pressure ahead of key ECB meeting
Banks - and particularly those in Italy and Spain - are among the main underperformers in credit as the market cautiously awaits messaging from this week's meeting of the European Central Bank

Adler spreads return to earth as TUI gains altitude
German real estate company Adler is among stronger performers as credit markets strike an improved tone on Tuesday, while travel company TUI is an outlier to the wide side

Sov yield surge finally weighs on IG fund flows, as credit turns corner
Investment grade credit funds have suffered their first net outflow in several months, as the uptick in rates volatility has finally weighed on appetite in this part of the credit spectrum

Compression trade resumes as reverse rally bites on shorts
This week's relief rally gathered momentum in credit and equity markets on Thursday against a further retreat of government bond yields, even as oil prices hit new highs

Casino's hand improves as credit eases off year's wides
Credit markets have taken a turn for the tighter, with spreads broadly rallying, amid a retreat of oil prices and government bond yields

Frosty times for UK retailer as credit hits new wides
Frozen food retailer Iceland is heading into the riskiest reaches of the iTraxx Crossover spread dispersion, where few other constituents tread

Adler rally gains extra LEG as rest of market slips on oil
Few credits have escaped widening pressure in a dour start to the week, but Adler Group has extended its relief rally after agreeing to sell part of its property portfolio

US debt talks and German real estate regain composure after damaging wrangles
Adler Group is ending on a firmer footing what has been a rocky week for the German real estate company, as credit heads into the weekend unmoved by developments in the US on raising the country's debt ceiling

Credit suffers double punch from treasury and energy surge
Credit markets are nursing their wounds after taking a battering on Wednesday, prompted by a surge in oil prices and spike in government bond yields that add to concerns about rising inflation

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 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

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

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

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

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

Rising stars vie with swooping hawks as Fed deliberates
Rising star companies moving from high yield to investment grade could be a valuable source of returns for credit investors in coming months, say sources

Crossover names drive rally on strong earnings as European traders return
Several high yield borrowers have made strong improvements on Tuesday as the post-Jackson Hole credit market rally has extended from Friday, with European traders returning after their long weekend

Retailer jumps on PE rumours while markets stay rooted in Jackson Hole
UK supermarket retailer Sainsbury's has been a notable mover in credit this week, as the wider market waits tentatively on Friday's Jackson Hole movement in the US and fund outflows signal nervousness about US Federal Reserve policy and escalating turmoil in Afghanistan