TraderCat

@CavaggioniMario was a few in a row there in 2021 that wasn't great...IDEABB, STPRAU, KPERST Sub and some more

Ideal Standard bonds now down -2.5pts to 49…. Never understood how they was able to print…. #highyield

@HeardFloor @8StringerBell8 @Credit_Junk @CavaggioniMario @KillinGswitCH98 Think it landed on 12% with OID 🫠 EUR perp not looking great here

@8StringerBell8 That is a good one, thank you for sharing. We've discussed with @Credit_Junk @CavaggioniMario and @KillinGswitCH98 the potential maturity walls coming in 2023 for HY issuers. Re-fi's will be expensive. Some may not be able to re-fi at all. Look at Rakuten today. Issued a 10.95%

Do you know the meaning of a 'zombie' company? As shown by the chart below, the amount of zombie companies in the Russell is at its highest level in history. Much higher than what we saw during the internet bubble. Here's why it matters 👇 1/

@CavaggioniMario Yep, that CPIFex not pretty. 75 coming up

Riksbank hike 75bps next meeting? - Sweden CPI m/m 0.2% (est 0.4%, last 1.4%) - CPI y/y 10.9% (est 11.1%, last 10.8%) - CPIF m/m -0.1% (est 0.2%, last 1.1%) - CPIF y/y 9.3% (est 9.5%, last 9.7%) - CPIFex en m/m 0.9% (est 0.5%, last 0.7%) - CPIFex en y/y 7.9% (est 7.6%, last 7.4%)

@Credit_Junk @HeardFloor @ChrisBancroft88 25 lots ish on each side from MM, rfq for 100ish not a prob. Give or take…

@WestmanMathias @HeardFloor @ChrisBancroft88 Interesting thanks, I'll look if they offer a good liquidity or not.

If you are new on credit market you should know that it's not a regulated market and trade happens OTC via market makers or broker. So on the left the price screen vs on the right the true price. Liquidity disappears when you need it and bid-offer widen.

@Credit_Junk @HeardFloor @ChrisBancroft88 Eurex got the same futures now as CBOE USD ones on credits in EUR. HY one launched last week. LXYA Index in IG for ex.

@HeardFloor @ChrisBancroft88 You in USA are ahead on us in Europe. Here only ETF for retailers, CDS and TRS (on IBOX index) for pro.