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

CDX indices on bumpy ride after central bank cash plan
CDX indices rally after Fed but lose gains

European auto parts makers active in CDS
European auto parts makers under pressure as Fitch cuts Continental's ratings.

Rank rallies while indices drift wider
Rank rallies while indices drift wider

Equities rally leads CDX IG to good performance
Equities rally leads CDX IG to good performance

Deutsche Bank beats Q3 forecasts but investment bank revenues halved
Deutsche Bank has released results for the third quarter showing its corporate and investment banking revenues of €1.9 billion were down €2.1 billion (52%) from the same period last year

Goldman posts 71% higher FICC earnings in Q3 despite $1.48 billion loan losses
Goldman posts 71% higher FICC earnings in Q3 despite $1.48 billion loan losses

Senior and sub financials extend as liquidity risks remain
Senior and sub financials extend as liquidity risks remain

Super senior IG tranches feel ABCP pinch
Super senior IG tranches feel ABCP pinch

CDS takes hit in Latin America as risk aversion spreads
CDS takes hit in Latin America as risk aversion spreads

Merger Monday fails to shake up spreads
Merger Monday would not live up to its name if it weren’t replete with a couple of banks playing musical chairs

ABX rally continues as sub-prime lenders bounce back
North America’s home equity index ABX HE rallied again yesterday, this time in line with broader market movements and a better day overall for the sub–prime mortgage lending sector

Synthetic deals dominate Moody's CDO rating actions in Europe
Synthetic CDOs accounted for almost all the rating actions Moody’s took on European CDOs last year