Index joiners lead fast-growing CDS names
The volume of outstandings on single name corporate credit default swaps fell by 5% in 2012 but some names have become a lot more active

Tail risk fears keep credit vols close to their highs
Credit implied volatility has remained close to its recent highs today, with investors divided over a likely binary outcome to the Eurozone credit crisis

Nervy investors jump back into credit options market
March and April implied vol rises

AMR becomes latest low recovery despite dealers' short position
Dealers set a final settlement price of 23.5 for credit default swaps written on American Airlines’ parent yesterday

Traders bet Kodak will survive – for now
Eastman Kodak’s CDS spreads rallied sharply in mid-November, as traders changed their outlook and began to bet that a default would not occur before the new year at least

Dealers quote low recovery as Kodak denies bankruptcy rumours
Credit derivative traders are betting that if Eastman Kodak defaults, it will recover low

Credit funds put in strong half-year performance
The first half of 2011 saw some spectacular returns in certain credit hedge fund categories

CLO equity distributions boost listed structured credit fund
A CLO fund ended 2010 with a strong 4.6% increase in net asset value

Dublin debt talks spark senior financials melt down
The iTraxx Senior Financials basket has gapped wider 13bp to 173bp today, following reports that officials in the EU-IMF mission to Dublin are looking to make senior bond holders shoulder some of the costs for rescuing Ireland’s banks

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

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