In the early days of synthetic collateralized debt obligations, most deals were static. When static deals were hit by a series of defaults in 2001 and 2002, managed deals became popular with investors ...
Aug 24 - OVERVIEW -- We have reviewed the ratings on all European transactions in the monthly Global SROC Report. -- We have taken various rating actions on 22 synthetic CDO tranches. -- All the ...
The market divides into three distinct parts. The oldest type of synthetic CDO is the balance-sheet or regulatory capital deal. Banks started to issue these in 1997, realizing that they could reduce ...
(Bloomberg Markets) -- It started with bonds. Now even collateralized debt obligations (CDOs) come in green. From the humble bank loan to a complex swap, there is virtually no corner of finance for ...
Sign up for the daily CJR newsletter. The Journal looks at how investments that were supposed to reduce risk by spreading it instead magnified it by spreading it to ...
The recent correction in the bond markets could prove to be a boon for emerging market CDOs, according to bankers. A few synthetic deals are in the pipeline, including one being arranged by Goldman ...
CDOs with an underlying of credit-default swaps on leveraged loans are being structured by dealers to diversify underlying portfolios. Firms looking to issue transactions include Morgan Stanley and ...
My, how quickly we've forgotten the lessons of the financial crisis. Even though the debt markets have once again mispriced risk -- when junk bonds yield a mere 5 percent, you can be sure serious ...
LONDON (Reuters) - The top slices of some collateralised debt obligations (CDOs) are a bargain, credit strategists say, but suitable only for investors with the balance sheet and stomach to weather ...
The European CDO market has steadily grown over the past few years as investors and issuers embraced the technology that provides yield pick-up over traditional fixed income, with the addition of ...
After allowing its CDO business to slip in recent years, Citigroup renewed its focus on the growing US market in 2004, bringing resources – including its sizable balance sheet – to bear in a bid to ...