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Constant proportion debt obligations (CPDOs) have dominated the thoughts of credit traders this week, as global media have caught on to the relentless pressure the structured credit instruments are putting on credit default swap spreads.

Dealers aimed at a wide range of investors with emerging market currency-linked structures this week as interest rate-linked sales continued to flag.

There was very good supply of dollar issuers from non-US borrowers this week, much of which were swapped out of dollars or to floating rate dollars. Dollar swap spreads compressed under the weight of this issuance, said dealers in New York.

Following the market sell-off on Friday after the US non-farm payroll data, the dollar bond market looked good to go for new issuance this week. Yields backed up by 15bp on the day, bringing 10 year Treasury yields up to the 4.70% mark again.

Following the market sell-off on Friday after the US non-farm payroll data, the dollar bond market looked good to go for new issuance this week. Yields backed up by 15bp on the day, bringing 10 year Treasury yields up to the 4.70% mark again.

There was very good supply of dollar issuers from non-US borrowers this week, much of which were swapped out of dollars or to floating rate dollars. Dollar swap spreads compressed under the weight of this issuance, said dealers in New York.There was very good supply of dollar issuers from non-US borrowers this week, much of which were swapped out of dollars or to floating rate dollars. Dollar swap spreads compressed under the weight of this issuance, said dealers in New York.

Fortis Bank has become the first continental European borrower to set up a mortgage securitisation master trust.

HCA priced its jumbo $5.7bn high yield deal this week — the second biggest high yield bond in history. In favourable conditions, the deal traded well in the secondary market showing that the strong appetite for LBO-inspired deals has not diminished.