Weekly Trade Round Up
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Weekly Trade Round Up

Aramark's term loan was active with one desk trading about $20 million a day; General Motors's credit spreads continued to tighten ahead of fourth-quarter earnings, expected this week, according to Markit; and Ford Motor Co.'s loan-only credit default swaps continue to trade actively, with a lot of retail and inter-dealer activity.

Aramark Strong On Break

Aramark's term loan was active with one desk trading about $20 million a day. It traded around $35-40 million on its break, last Friday. It broke around 100 1/8-100 3/8 and then traded up to as high as 101 1/2, but traded back down to around 100 1/4.


GM Trades Before Earnings

General Motors's credit spreads continued to tighten ahead of fourth-quarter earnings, expected this week, according to Markit. As of Wednesday, GM's five-year, credit default swaps were 27 basis points tighter from the week before, trading around 336. Its term loan was up to 101 1/4-101 1/2, mirroring much of the loan market.


Ford Continues To Be Busiest LCDS Name

Ford Motor Co.'s loan-only credit default swaps continue to trade actively, with a lot of retail and inter-dealer activity. It was trading in the low 180s last Wednesday. "This has become far and away the most active LCDS name," one trader said. "So on busy days, it gets really busy."

 

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