Derivs - Credit

Spreads on CMBX, the synthetic commercial mortgage-backed securities index, continued to tighten, particularly at the top of the capital structure.

Five-year credit-default swaps on U.K. chemist Alliance Boots tightened this week on the back of news lenders are unloading some of the financing which took the company private--traders are seeing this as a positive sign for the company.

A loan-only credit default swaps bids wanted in competition list hit the market in New York last week.

The penultimate tranche of the ABX saw active flows in its first week of trading, with investors stepping in to use the AAA class as a hedge.

An uptick in perceived idiosyncratic risk is driving credit spreads wider.

Lawyers are questioning whether a suggestion by the New York insurance superintendent that certain credit derivatives could be regulated under insurance law will ever see the light of day.

The creation of a synthetic collateralized debt obligation denominated in Thai baht is in the offing.

A handful of reverse convertibles linked to mortgage and housing companies and agencies are being offered in the U.S.

Countrywide Alternative Asset Management has taken over the management of Sagittarius CDO I, a defaulted $1 billion collateralized debt obligation.

Hedge funds covering short positions have been the main buyers at collateralized debt obligation auctions.

BNP Paribas has joined forces with JPMorgan Asset Management to launch a credit fund.

Institutional investors in municipal bonds expect the advent of the MCDX index will change the way the underlying cash market functions.