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The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.
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The average size of second-lien deals has grown over the past three months, indicating they are taking on an increasingly larger portion of the companies' capital structure.
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--Mary D'Souza, senior v.p. at GE Capital Markets, on why second-lien deals have been increasing in size.
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March Madness is being felt across the market as traders called brokers for score updates and desks erupted into cheers as their respective teams pulled out a win, or choked.
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Jeff Aronson, a portfolio manager at Angelo, Gordon & Co., left the firm.
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Nortel Networks is back out to banks seeking a waiver on its $1.3 billion credit after failing to file its 10-K with the Securities and Exchange Commission by March 16.
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The call on Capitol Hill for more ratings agencies is being met with a tepid response in the debt market.
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AIG Financial Products is setting up a cross-product derivatives desk in a planned operation in Hong Kong.
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Problems tranching the existing ABX and CMBX indices has led asset-backed pros to pitch the idea of combing the names in the two indices.
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A major shift on the equity front is Asia turning from a net importer of equity underlying from other regions for derivative contracts to being a net exporter.
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Babson Capital Management is bringing its first synthetic investment-grade structure to market.
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The speed of development of derivative structures and the increasing range of investors getting into the instruments has banks questioning how they organize internally.