Dealers settle Rouse at 29.25
Dealers today took part in an auction to settle credit derivative trades referencing Rouse

Options trading active as index flows pick up
Credit options trading has picked up, with CDX dealers reporting a particularly active day yesterday

CDX HY hits new record low
The push out of credit spreads yesterday on little flow saw CDX HY reach a new record low of 66.5, after dropping another point

Latest CDO of ABS bid list could see bids in single digits
At least one dealer has a three item cash ABS CDO bwic shown in the market, with bids at 11am New York time today

Bank touts rare old-vintage CBO repack
An investor is looking to sell a portfolio of old-vintage CBOs in the form of a repackaged note

Attractive opportunity arises with Lloyds/HBOS merger
Market participants encountered an opportunity yesterday with the confirmation of the Lloyds/HBOS merger.

LCDX outperforms HY in post-Fed rally
In a reversal of the recent general trend, CDX HY underperformed LCDX today but still caught some of the rally

High yield world is turned upside down as loans trade below bonds in CDS
Leveraged loan prices suffered dramatic new falls last week, with the North American loan index suffering a decline of around 3 points during the week and closing slightly lower than the high yield index

Equity investors in BlackRock-managed UBS fund set to lose almost entire stake
Equity investors in BlackRock-managed UBS fund set to lose almost entire stake

European bank puts €10 billion of structured credit assets into new vehicle
Fortis said that it would put just over one-quarter of its €39.5 billion structured credit portfolio into a special purpose vehicle

HSBC takes $3.9 billion credit and monolines hit
HSBC takes $3.9 billion credit and monolines hit

Euphoria over France Telecom's dropped bid diluted only slightly by market
France Telecom's CDS tightens.

Short covering still alive and well in iTraxx indices
iTraxx senior and sub indices rally on short covering.

Nomura fixed income takes significant loss on increased credit provisions
Nomura takes provision of $1.27 billion against losses related to contracts with monoline insurers.

Writedowns and rights offerings weigh on European financials
UK banks see more widening in CDS than rest of sector.

UK bank takes SIV and CDO write-downs
UK bank takes SIV and CDO write-downs

Nokia among tighter names in TMT
Nokia's good market share showing keeps it tightening in CDS.

CDX HY tranches gyrate on Quebecor bankruptcy
CDX HY mezzanine tranche deals actively on Quebecor.

Hedge fund liquidation rumour pulls Crossover wider
Brisk protection buying in thin markets forces Crossover wider.

Japanese CDS records busiest trading year
Japanese CDS records busiest trading year

Stiff drinks order of the day as credit trading approaches year-end
With liquidity reported to be thin in the run-up to year end, European indices this morning drifted wider, with iTraxx Europe out 1-1.25bp at 53/53.25bp, Crossover 9bp wider at 348/350bp and HiVol around 2bp wider at 71.75bp