Abstract: In our reveiw of synthetic and cash flow CDO issuance we find that both are hugely down on H1 2007. However, activity in the tranched tradable indices remains strong, especially in the highest rated tranches.

Brief Excerpt: 1H08 Structured Credit Review - Issuance and Returns In the first quarter, synthetic CDO issuance totalled just $47 billion nearly 10 times less than that seen in the first quarter of 2007. However, protection selling on index tranches...

Report Type: Strategy Article
Source: CreditSights Inc
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CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.