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Spreads on the super-senior tranche of the investment-grade CDX credit derivatives index pulled in to new tights this week as Canadian conduits sold protection on leveraged super senior tranches.

A handful of firms are starting to market constant proportion debt obligations in the U.S.

James Deighton, co-head of investment-grade cash and synthetic credit trading at Dresdner Kleinwort in London, has been named head of the group following the departure of co-head Paul Grimsey.

Robeco Alternative Investments is gearing up to launch a leveraged private equity investment certificate next month.

Macro hedge funds are shorting homebuilding companies by selling the common stock and buying credit-default swap protection, to position for a downturn in the U.S. housing market.

The fledgling loan credit-default swap market is likely to pick up when the credit environment deteriorates, and more players will be interested in trading LCDS once it does.

Market participants are hopeful the development of the leveraged loan credit-default swap market will not cause the pipeline for cash collateralized loan obligations to dry up.

Leveraged super senior collateralized debt obligations are showing strong performance and drawing interest from investors.

Credit portfolio managers and hedge funds pumped up the price of protection on global consumer conglomerate Sara Lee last week, in response to growing noise regarding a leveraged buyout of the firm.

Brokers in Minnesota have worked with the Royal Bank of Canada to come up with a novel regional stock basket note.