30 October 2013
"Credit markets were rudderless as they awaited the outcome of today's Federal Reserve policy decision, due after the European close.The Federal...
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29 October 2013
Credit spreads continued to grind tighter on Tuesday as the favourable monetary policy outlook in the developed world sets the scene for a solid...
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28 October 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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25 October 2013
Spanish banks have had a tough time in recent years but their performance in the CDS market suggests the outlook may be improving. Spreads in...
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24 October 2013
"China was once again shaping spread direction in western markets as mixed messages emanated from the world's second biggest economy.First, the...
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23 October 2013
"The LBO rumour mill was back in full swing today amid reports that US supermarket chain Safeway is the target of several private equity houses...
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22 October 2013
The reaction to today's belated September jobs report showed just how dependent the market is on Federal Reserve largesse.Risk assets rallied...
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21 October 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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18 October 2013
"This week will be remembered as the time the US step back from the brink to avoid a technical default, and in doing so saved the world from...
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17 October 2013
"Global financial markets heaved a sigh of relief today, following yesterday's last minute passing of the US debt ceiling bill by Congress. Credit...
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15 October 2013
Markets seem convinced that the "tremendous progress" made in the debt ceiling talks will translate into a deal and avert a US technical default.An......
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14 October 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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11 October 2013
Markit iBoxx € fixed income monthly market monitorDownload full article
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11 October 2013
If anyone doubted that political instability can breed market volatility then this week's events would surely have persuaded them. The US government...
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10 October 2013
"Risk assets received a much needed fillip on Thursday, though it was unclear that there was real substance driving the positive sentiment.Rumours...
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09 October 2013
Telecom Italia became the latest Italian company to lose its investment grade status after it was downgraded to Ba1 by Moody's.The rating agency...
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08 October 2013
Trans-Atlantic M&A activity shifted attention away from the political impasse in the US, though the diversion is likely to be temporary.US pharmaceutical......
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07 October 2013
Credit spreads drifted wider on Monday as US legislators appeared to make little progress in breaking the deadlock in Washington.Both sides seemed...
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07 October 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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04 October 2013
"The week started like it was going to be a potential tipping point for risk assets, but ended with the markets seemingly nonplussed by political...
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02 October 2013
"Portugal Telecom stood out from the crowd on Wednesday, with the rest of the market transfixed by the actions of politicians and central bankers.The..."...
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01 October 2013
The US government might have shut down its government for the first time in nearly 18 years but it was business as usual in the credit markets.Rather...
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01 October 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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30 September 2013
The final quarter of 2013 looks set to be plagued by political instability on both sides of the Atlantic.Italy's CDS widened 16bps to 280bps...
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27 September 2013
Italian credits ensured that the Markit iTraxx Europe ended up wider losing ground in the first week of trading after the index roll.And it will...
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26 September 2013
"European high-yield was in focus on Thursday as several events showed that idiosyncratic risk is highly relevant, despite the overbearing macro..."...
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25 September 2013
JC Penney stood out for all the wrong reasons on Wednesday and led to the US retail sector underperforming in an otherwise docile trading day.The...
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24 September 2013
"Emerging markets spoiled what was an otherwise solid day for credit markets, with Ukraine in particular under increasingly intense pressure.The...
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23 September 2013
A resounding German election victory for Chancellor Merkel and solid flash Markit PMIs couldn't prevent credit markets starting the week on the...
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23 September 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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19 September 2013
"The US Federal Reserve isn't in the habit of shocking the markets. Back in 1994, when it surprisingly hiked rates, the central bank triggered...
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18 September 2013
"The impending Fed decision dominated the agenda on Wednesday, but the European auto sector gave investors something to chew on over in the meantime.Peugeot..."...
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17 September 2013
Credit spreads traded in a tight range ahead of the much-anticipated policy announcement from the US Federal Reserve tomorrow.The Fed is widely...
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16 September 2013
"Credit markets started the week on a positive note after the race to be next head of the US Federal Reserve moved in a positive direction.Larry...
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16 September 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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13 September 2013
European credit markets were were trading wider today as they continued to digest poor industrial production data announce yesterday for the...
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12 September 2013
"Emerging market credits rallied on Thursday following the Russian president, Vladimir Putin's unprecedented plea directly to the American public...
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11 September 2013
Credit markets remained steady on Wednesday in the absence of any headline driving data releases. Spreads clung onto their gains since the beginning...
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10 September 2013
"Chinese data over the past two days and a softer US approach to the Syria issue have helped credit spreads to tighten, globally, on Tuesday.Concerns...
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09 September 2013
The global CDS markets enjoyed a good start to the week. All major credit indices tightened in reaction to the news that China reported an increase...
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09 September 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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05 September 2013
"There were no surprises from central banks on Thursday as the Bank of Japan, Bank of England and European Central Bank all left monetary policy...
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04 September 2013
Credit trading remained cautious on Wednesday due to the increased likelihood of a US intervention in Syria after President Obama secured more...
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03 September 2013
Credit default swap spreads on Nokia more than halved on Tuesday after the surprise announcement that Microsoft would purchase Nokia's mobile...
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03 September 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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02 September 2013
Credit markets reacted positively on Monday as upbeat economic data was released for Europe and Asia. The final Eurozone Manufacturing Purchasing...
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30 August 2013
"Emerging markets are located from the western reaches of the Americas to the far east of Asia, but recent weeks have shown that the countries...
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29 August 2013
"Emerging markets continued to dominate the agenda, as they have done all week, but the telecoms sector provided an interesting diversion on...
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28 August 2013
"Credits exposed to India suffered on Wednesday as the rupee continued to depreciate sharply.The Indian currency slid another 4%, with the markets..."...
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27 August 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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23 August 2013
"In London we are preparing for one of our few Bank Holiday weekends, and the markets are ending the week on a predictably quiet note.But in...
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22 August 2013
"An improving economic picture outweighed concerns about yesterday's Federal Reserve minutes, though the uncertainty around monetary policy is...
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21 August 2013
"Markets get nervous when the US Federal Reserve reveals its thinking, so it was no surprise to see credit spreads widen ahead of the latest...
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20 August 2013
Strong showings from US retailers on Tuesday helped offset negative sentiment emanating from emerging markets.The US retail sector hasn't exactly...
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19 August 2013
"Emerging market credits are once again feeling the full force of fears that QE tapering could start as soon as next month.US Treasury yields...
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19 August 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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15 August 2013
It was a case of 'risk-off' on Thursday as downbeat results from US retailers and rising government bond yields dampened appetite for credit.The...
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14 August 2013
"In a day dominated by macro news, Radioshack provided one of the few notable single-name stories.The beleaguered US electronics retailer is...
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12 August 2013
"Sovereigns provided some of the few points of interest today as the summer lull continued.Japan's second-quarter GDP growth came in at 0.6%...
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12 August 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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08 August 2013
The spotlight was once again on the mining sector after Rio Tinto released its results and trade data from China shaped sentiment.Rio Tinto's...
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07 August 2013
"Mining credits were under pressure on Wednesday following a ratings downgrade.Moody's cut its rating on Anglo American to Baa2 from Baa1, citing...
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06 August 2013
"Banks dominated for the second consecutive day after several institutions reported earnings.Credit Agricole was first up, though the French...
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05 August 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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02 August 2013
"In bull markets shareholders often have the upper hand over bondholders, and there were two classic examples in the US today. Viacom, the owner...
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01 August 2013
"Credit markets were given every reason to rally today after economic data blew away expectations, the robust earnings season continued and central...
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31 July 2013
There was some good news at last for Peugeot today as Europe's second-biggest carmaker by sales presented its first-half results.The European...
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30 July 2013
There were holes in balance sheets and profits missing expectations but European bank CDS still managed to rally on Tuesday.Barclays dominated...
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29 July 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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26 July 2013
"The mid-year earnings season continued with a raft of numbers today, including a disappointing innings from mining firm Anglo American.Anglo's...
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25 July 2013
"Earnings season went into overdrive on Thursday, with the chemicals sector in focus on both sides of the Atlantic.German group BASF, the world's...
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24 July 2013
Caterpillar's disappointing results dampened the positive mood and led to European credit giving back its early gains.The US construction equipment...
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23 July 2013
If there was a feelgood factor from the birth of the royal baby it was hard to detect in the credit markets as spreads gave up early gains.Perhaps...
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22 July 2013
"Perhaps it was down to the hot weather or a great weekend for British sport, but the London markets opened the week on a high as the quiet summer...
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22 July 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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19 July 2013
"Detroit filed the largest municipal bankruptcy in US history on Thursday, forcing the city's creditors into negotiations to resolve an estimated...
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18 July 2013
Morgan Stanley on Thursday made it five banks out of five to beat expectations in the current earnings season.The bank's adjusted earnings per...
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17 July 2013
"Ben Bernanke's testimony to Congress today received a cautious welcome from the credit markets, but it is questionable that any more light was...
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16 July 2013
Better than expected earnings from Goldman Sachs failed to prevent credit markets sliding backwards slightly in a relatively quiet trading day.Goldman...
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16 July 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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15 July 2013
"Credit started the week on a positive note after Chinese economic data met consensus estimates and gave participants an excuse to cover shorts.Chinese...
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12 July 2013
President An"bal Cavaco Silva's unexpected call for early elections in June 2014 was not well received by the markets today. Earlier this week...
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11 July 2013
Ben Bernanke came to the rescue of risk assets on Thursday after he indicated that monetary policy would stay "highly accommodative" for the...
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10 July 2013
Italian banks were under pressure on Wednesday as credit markets reacted to a downgrade of the sovereign by S&P.The ratings agency cut Italy's...
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09 July 2013
"Earnings may well fill the information vacuum during the usual post-non-farm payrolls lull, and the season got off to a solid start with Alcoa.The...
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09 July 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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08 July 2013
"The credit markets bounced back from the negative reaction to Friday's strong US jobs report, with spreads in Europe and North America rallying...
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05 July 2013
"More jobs being created in the US is now a bad thing, if the credit market reaction to Friday's non-farm payrolls report is any guide.The US...
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04 July 2013
"Markets reacted strongly to dovish noises coming from the Bank of England and the European Central Bank, both of which left interest rates unchanged...
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02 July 2013
Portugal's spreads underperformed the broader market on Tuesday following news that its finance minister Vitor Gaspar had resigned. Gaspar was...
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01 July 2013
"The second-half of the year started on a positive note in the credit markets, with spreads tightening significantly.The rally was helped by...
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01 July 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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28 June 2013
"Volatility is now the name of the game in the CDS market, and it is likely to remain the case for the rest of the summer.Establishing the direction...
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27 June 2013
"The fight-back against risk aversion continued on Thursday, assisted by more soothing words from central bankers.William Dudley, the president...
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26 June 2013
North American gold miners were among the few credits to widen on Wednesday as the market continued to recover from last week's carnage.The price...
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25 June 2013
"China's central bank issued a placatory statement on Tuesday, helping to calm the febrile market conditions that it was partially responsible...
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24 June 2013
"There was no respite for risk assets on Monday as volatility continued to grip markets.The central banks of the US and China, both friends of...
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24 June 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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21 June 2013
"Market liquidity can be a somewhat nebulous concept. It is difficult to measure, particularly in OTC derivative markets.But we can be fairly...
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20 June 2013
The CDS market was hit by a perfect storm today as a number of factors combined to send spreads sharply wider.China has faded into the background...
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19 June 2013
"The credit markets were in limbo on Wednesday ahead of the crucial Fed announcement, but US bellwether FedEx provided a welcome diversion with...
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18 June 2013
Risk assets traded in a tight range on Tuesday as nerves gripped the market ahead of tomorrow's Federal Reserve meeting.Spreads and stocks have...
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17 June 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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14 June 2013
"Credit markets ended the week on a high after a WSJ report reiterated that the US Federal Reserve is unlikely to raise interest rates for some...
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13 June 2013
Royal Bank of Scotland's credit standing felt the full force of chief executive Stephen Hester's controversial departure on Thursday.The news...
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12 June 2013
Vodafone appeared to confirm that it is willing to risk a credit rating downgrade after it made a preliminary approach for German cable TV and...
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12 June 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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11 June 2013
Emerging markets felt the pain of investors trying to shed risk in the face of rising US Treasury yields and a lacklustre policy response from......
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10 June 2013
Credit underperformed equities on Monday giving back some of the gains triggered by last week's better than expected US jobs report.The Markit...
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07 June 2013
Credit markets recouped some of their losses from Thursday following today's publication of US nonfarm payroll figures for May.The US Department...
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06 June 2013
"The current protests in Turkey are dominating news headlines at the moment, easily eclipsing the nation's investment grade credit rating uplift...
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05 June 2013
Wednesday wasn't the greatest day for Credit markets with central bank policies driving spreads wider compared with Tuesday. The Markit iTraxx...
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04 June 2013
The European Securities and Markets Authority has published its response to the European Commission's request for technical advice on the impact...
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03 June 2013
"With only three weeks to go until the Global ABS conference in Brussels, the bullish mood continues to dominate the European ABS market. No...
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31 May 2013
Fans of the efficient market hypothesis (EFH) like to ridicule the old trading adage "sell in May and go away". Seasonal effects would soon be...
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30 May 2013
"Volatility seems to be the new normal in the credit markets as spreads oscillated in a broad range yet again on Thursday, mainly thanks to events...
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29 May 2013
"Trading in the credit markets was expected to be choppy this week, and so it has proved, with the main indices widening significantly today.The...
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28 May 2013
The long weekend in the UK and US appeared to have a soothing effect on credit markets as spreads rallied in tandem with equities. European investors...
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28 May 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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24 May 2013
"Don't be too timid and squeamish about your actions. All life is an experiment." Central bankers across the world have heeded Ralph Waldo Emerson's......
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23 May 2013
"Volatility was back on Thursday after the markets changed their position on the likely direction of US monetary policy.Ben Bernanke, the chairman...
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22 May 2013
Ben Bernanke gave further impetus to the rally in risk assets following his opening statement to Congress today.The Federal Reserve Cchairman...
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21 May 2013
Earnings filled the information void ahead of keenly awaited statements from central banks on Wednesday.Carnival Corp was a notable underperformer...
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20 May 2013
Financial CDS were in focus on Monday amid news that a change in International Swaps and Derivatives Association documentation could affect the...
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20 May 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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17 May 2013
"Ireland's CDS spreads hit 138bps on Friday, their tightest level for more than three years, an apparent market endorsement of the government's...
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15 May 2013
Oil companies were in focus on Wednesday after it was revealed that several firms are under investigation by the European Commission. The EC...
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14 May 2013
"Spreads bounced back from a slow start and resumed the rally that was cut short over the last week, with concerns over rising Japanese government...
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13 May 2013
Credit started the week on the back foot amid reports the Federal Reserve is preparing plans to scale back its quantitative easing programme.The...
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13 May 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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10 May 2013
"Portugal captured fewer headlines than its Iberian neighbour, Spain, but it was the main focus of the sovereign CDS market in what was a quiet...
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09 May 2013
"Commodity names widened on Thursday as high-beta credits gave back some of their gains from recent weeks, but one name that bucked the trend...
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07 May 2013
Central bank activism and surprisingly good economic data helped the credit markets continue to rally after a long bank holiday weekend in London.The......
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07 May 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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03 May 2013
Global credit markets enjoyed a solid end to the week as the effects of the ECB's rates cuts yesterday became more apparent. The Markit iTraxx...
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02 May 2013
"The European Central Bank today announced cuts to refinancing and marginal lending rates to record lows of 25bps and 50bps, respectively. A...
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01 May 2013
"The May Day holiday in several European counties ensured that credit trading volumes were subdued, and tomorrow's ECB meeting also kept spreads...
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30 April 2013
Since the handling of the Italian and Cyprus crises there has been very little volatility in the European ABS market. April saw spreads tightening...
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29 April 2013
"Credit kicked off the week in a committed fashion, with spreads continuing to tighten and the rally gaining strength throughout the day. The...
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29 April 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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25 April 2013
A mixed day for corporate results couldn't prevent credit spreads continuing their inexorable move tighter on Thursday.Unilever's sales figures......
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23 April 2013
Signs that the eurozone economy continues to stagnate didn't deter the onward march of risk assets on Tuesday.The Markit Flash Eurozone PMI came...
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22 April 2013
"Gold miners were among the strongest performers today, though they have considerable ground to make up for the damage wrought in recent weeks.Their..."...
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22 April 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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19 April 2013
"Only weeks ago leveraged buyout fever was sweeping through the credit markets. But the boom hasn't yet materialised, and the company that triggered...
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18 April 2013
There was some relief for Cyprus today as German MPs approved the €10bn of EU/IMF loans to the Cypriot government, giving the green light for...
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17 April 2013
"Credit markets remained resilient against stock market volatility today, and nowhere was that more evident than among European carmakers.News...
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16 April 2013
Robust earnings in the US helped markets consolidate following the tragic bombings in Boston and the ongoing sell-off in commodities.Goldman...
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15 April 2013
Disappointing economic data from China led to risk assets starting the week on the back foot.Growth in the world's second-biggest economy slowed...
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15 April 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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12 April 2013
"The current credit market rally came to a halt today, falling just short of completing its 10th day.But it would be no surprise to see spreads...
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11 April 2013
Marks & Spencer revealed fourth-quarter sales figures on Thursday, but credit investors remained firmly focused on the possibility of a leveraged...
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10 April 2013
""Human error" was to blame for an early release of the latest policy minutes, according to the Federal Reserve, but markets weren't complaining.Stocks...
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09 April 2013
"Events in Asia continue to shape spread direction across the globe, helping credit markets to outperform equities.The Markit iTraxx Europe was...
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09 April 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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08 April 2013
"The passing of former Prime Minister Margaret Thatcher is dominateding UK headlines today, and pushing economic matters into the background.Thatcher..."...
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05 April 2013
"After the drama of the Cyprus bailout, it was back to focusing on economic fundamentals in the sovereign market on Friday.The eurozone economy...
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04 April 2013
It was all about central banks today as the Bank of Japan deployed its full arsenal while the ECB held its fire.Expectations were high that the...
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04 April 2013
There has been no avoiding the situation in Cyprus in recent weeks. Who would have thought that such a small country with mainly Russian capital...
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03 April 2013
"A worse than expected leading indicator in the US knocked sentiment on Wednesday, though the markets were more concerned with crucial central...
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02 April 2013
Telecoms credits were under scrutiny on both sides of the Atlantic in a relatively quiet post-Easter trading day.Vodafone was reported to be...
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28 March 2013
"If one wanted to make a bet at the end of 2012 that a eurozone country would impose capital controls before the end of the first-quarter 2013...
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27 March 2013
Slovenia is suffering in the capital markets today amid speculation on which country will be the next bailout recipient. The Balkan sovereign...
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25 March 2013
"A bailout for Cyprus was agreed in the early hours of Monday, an expected but still welcome development. However, a consequent revival of risk...
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22 March 2013
England takes on San Marino tonight in the archetypal "David v Goliath" football fixture. The result is all but inevitable - the microstate has...
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22 March 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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21 March 2013
The credit markets lost ground on Thursday amid ongoing nerves surrounding Cyprus and disturbing economic news from the eurozone.The ECB cranked...
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20 March 2013
The Cypriot bank levy saga continued to occupy headlines on Wednesday after the national parliament blocked the proposal. The vote was held yesterday...
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19 March 2013
"It was all Cyprus again in the markets today, though the mood was one of cautious trepidation rather than panic.Credit and equity were both...
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18 March 2013
It was almost like the good - or bad - old days in Europe today when an EU bailout plan for Cyprus sent shockwaves through the market.The bailout...
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15 March 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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15 March 2013
It's the middle of March and that means one thing in the CDS market: index rolls.The final lists for the roll of the Markit iTraxx indices were...
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14 March 2013
"China and the Catholic Church both welcomed new leaders and scientists claimed they had found the "God particle", but things were rather more...
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13 March 2013
It was a tale of two auctions on Wednesday as the credit divergence in the periphery was laid bare.Italy faced a relatively tough challenge when...
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12 March 2013
"China's plans to expand its economic influence overseas are now well-established, and the CDS market today provided further evidence of its...
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11 March 2013
"Weak Chinese economic data and a ratings downgrade for Italy had a limited negative impact on Monday, with markets still enjoying a lift from...
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08 March 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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07 March 2013
"Positive news on eurozone sovereigns helped the current rally in risk assets continue today, in spite of yet another month of inaction by the...
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06 March 2013
"Credit indices displayed mild tightening on Wednesday as Eurostat, the statistical office of the European Union, published Q4 GDP figures for...
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05 March 2013
Risk appetite had the upper hand on Tuesday as decent corporate results and better than expected economic data boosted sentiment. Commodity names...
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01 March 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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28 February 2013
Argentina replaced Italy as the credit market's focal point after the country's stand-off with holdout creditors intensified. The government's...
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28 February 2013
"As with the rest of the credit market, the European ABS market has been volatile during February. The last quarter started bullish but major...
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27 February 2013
Global credit markets took a breather on Wednesday from the contagion unleashed by Italy's political turmoil. Dovish comments from Federal Reserve...
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26 February 2013
"Negative catalysts have been few and far between in recent months, but one arrived with a vengeance this week in the form of an inconclusive...
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25 February 2013
"Indications that a pro-reform government may win the Italian general election boosted risk assets today, though there remains considerable scope...
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25 February 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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22 February 2013
"France and Germany have always been at the core of the eurozone, and the EU project as a whole. But the core is showing signs of splitting in...
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21 February 2013
Shareholder-friendly actions combined with macroeconomic concerns to send credit spreads into retreat on Thursday.Leveraged buyouts have become...
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20 February 2013
Dutch telecoms operator KPN was today's strongest performer in the European investment grade market - thanks to Mexican billionaire Carlos Slim....
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20 February 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
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19 February 2013
"US office suppliers don't capture many headlines, but they were in focus today amid LBO and M&A speculation.Office Depot, the second-largest...
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18 February 2013
Cyprus' spreads rallied significantly in a day becalmed by the school half-term in the UK and the Presidents' Day holiday in the US.The Mediterranean......
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14 February 2013
Heinz bondholders experienced a major St Valentine's Day letdown after a deal was struck to take the company private.The food company agreed...
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13 February 2013
Cable TV operators are hot property in Europe at the moment and it seems another major firm in the sector could be an acquisition target.Vodafone...
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12 February 2013
"Italian corporates remained under more pressure than a papal conclave on Tuesday, bucking the rally in the broader market.Telecom Italia was...
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11 February 2013
Risk appetite receded slightly in a trading day subdued by pre-election jitters in Italy and holidays in the Far East.The Markit iTraxx Europe...
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08 February 2013
"European credit spent the latter half of last year making up lost ground on its US counterpart, but in recent weeks it has reverted to old habits...
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07 February 2013
Italian bank Monte dei Paschi was the strongest performer in a day dominated by central banks and government debt.Monte dei Paschi has been plagued...
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06 February 2013
"Event risk is stalking the credit markets today, and nowhere more so than in the TMT sector.Time Warner Cable (TWC) and Cox Communications (COX)...
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05 February 2013
"Political risk drove the credit markets wider yesterday, but the focus returned today to earnings and single name event risk.Dutch telecoms...
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01 February 2013
The maxim "too big to fail" - made famous by the financial crisis and the litany of banks requiring government assistance to survive - was echoing...
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31 January 2013
"A slew of disappointing earnings reports gave risk aversion the upper hand in Europe today.Pharmaceuticals, typically solid performers and defensive...
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30 January 2013
Italian credits led the broader market wider on Wednesday amid disappointing earnings and ongoing concern about the banking sector.Oil services...
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29 January 2013
"Credit has been underperforming equity in recent weeks, and the trend continued today amid LBO rumours and weakness in the banking sector. European...
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28 January 2013
The oil sector took centre stage in an otherwise quiet start to what promises to be a very busy week on both sides of the Atlantic.Oil rig operator......
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25 January 2013
It has now become a truism that the ECB's commitment to the irreversibility of the euro last summer and the subsequent introduction of the OMT...
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24 January 2013
Mixed economic news in Europe and disappointing corporate results in the US led to credit continuing its modest retreat this week.Apple's sales...
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24 January 2013
"The year started in much the same way as 2012 ended, on a very slow note. However, since mid-January the market has picked up again in terms...
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22 January 2013
"Italian banks weighed on the broader market on Tuesday, despite a bumper Spanish bond auction and news of a fresh injection of liquidity from...
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21 January 2013
It was predictable that the week would start on a quiet note given the US holiday and a blanket of snow across London. Traders reported light...
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18 January 2013
"With the exception of China, central bank largesse may be providing ballast to the current global rally, but without growth the real economy...
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17 January 2013
"There was plenty of single name news to keep credit markets occupied on Thursday, filling the gap left by a lack of activity on the macro front.Dutch..."...
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16 January 2013
Event risk has returned to the agenda this week on both sides of the Atlantic.German travel services firm TUI AG was active in the CDS market...
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15 January 2013
Credit was under the cosh today amid weak US economic data and signs that leveraged buyouts could be set for a return.Very few European names...
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14 January 2013
Spreads opened wider on Monday as lower than expected eurozone industrial production figures and concerns over the proposed banking union punctured......
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11 January 2013
Europe's bond markets sent out a strong signal this week that the continent's debt problems are no longer the roadblock to recovery they once...
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10 January 2013
"A solid Spanish bond auction, a slightly more optimistic ECB and robust trade data from China all helped to offset some disappointing corporate..."...
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09 January 2013
Steelmaker ArcelorMittal was a conspicuous outperformer in a day lacking market-moving catalysts.ArcelorMittal's spreads tightened 40bps to 335bps...
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08 January 2013
Expectations of an imminent fiscal stimulus in Japan and a new bond issue from Ireland weren't enough to shake the credit markets from their...
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07 January 2013
"From tomorrow, the Markit credit team will move to producing one daily note instead of three. However, at least one thematic, deeper piece will...
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07 January 2013
"Risk assets are struggling to maintain the hot pace set by the markets last week, with the major credit and equity indices little changed from...
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04 January 2013
"It's a new dawn...and I'm feeling good". Financial markets seem to be echoing Nina Simone's sentiments in what has been a very strong start...
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04 January 2013
"Risk appetite had returned for the first few days of 2013, but it may be suppressed Friday morning after US sentiment took a knock yesterday.Minutes...
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03 January 2013
After a brief pause on Thursday morning the nascent 2013 rally continued apace and spreads tightened significantly.Corporates based in the eurozone......
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03 January 2013
European credit markets are consolidating their gains from the positive reaction to the fiscal cliff deal announced earlier this week.Investors...
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02 January 2013
European markets have started 2013 on an optimistic note after US legislators reached a last minute deal that averted the so-called fiscal cliff.The......
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