Weekly Issue Archive »

Issue 130 - April 1st

• News Analysis

  • CDS

    • Recovery revisited

      Call for increased transparency around CDS recovery rates

      With the string of single-digit recoveries hitting the market in the wake of Lehman Brothers' defaul...

  • Ratings

    • Work in progress

      Future role of rating agencies debated

      HVB's SME CLO Geldilux TS 2008, a deal rated less than a year ago, was put on downgrade review by Mo...

  • CMBS

    • Real estate realities

      US CMBS tightens as TALF overpowers fundamentals

      The inclusion of vintage triple-A CMBS for TALF and PPIP financing is already producing positive res...

  • RMBS

    • Non-conforming concerns

      Warning over future severity of losses for non-conforming RMBS

      Loss severities revealed in investor reports last week for a number of UK non-conforming RMBS have s...

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• News

  • CLOs

    • Triple-A CLOs to feel the heat?

      Moody's has completed the first stage of its two-stage review of US and EMEA cashflow CLOs that it a...

  • • Manager modifies discount obligation definition

      Cypress Tree Investment Management has successfully modified the definition of the discount obligati...

  • Indices

    • Sovereign CDS index debuts

      Credit Derivatives Research (CDR) has launched the first index designed to track the credit risk of...

  • Ratings

    • Analysts criticise SF rating consistency

      Securitisation analysts at UniCredit have criticised Moody's decision to include Geldilux transactio...

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• Job Swaps

  • • Ex-Lehman ABS director hired for sukuk fund

      The latest company and people moves

      European Finance House (EFH) has appointed Aleksandar Devic as fund manager of its soon-to-be-launch...

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• News Round-up

  • • Regulatory reform plan unveiled

      A round up of this week's structured credit news

      US Treasury Secretary Tim Geithner revealed his proposed regulatory reform programme on Monday, 30 M...

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• Research Notes

  • CLOs

    • Don't miss the trees for the forest

      Madhur Duggar and Batur Bicer, structured credit strategists at Barclays Capital, find that turbo do...

      With the market focused on the risk of imminent and systemic collateral downgrades, the temptation i...

  • Trading

    • Trading ideas: rolling along

      Dave Klein, senior research analyst at Credit Derivatives Research, looks at a capital structure arb...

      In our past few capital structure arbitrage strategy pieces, we noted that credit and equity reconne...

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