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Trading of the bank debt of Telcordia Technologies was halted and the syndicate deal pulled back as a planned bond deal was postponed.

Pending pension legislation for distressed airlines could have serious implications for unsecured bond holders if an upcoming law that forces airlines to terminate their pension plans is passed.

"I'm going to Disney World....."

Dana Corp.'s bonds traded up several points on estimates they will see a good recovery, perhaps as high as par. Initial recovery estimates for the auto parts company, which filed for bankruptcy March 3, were in the 63-65 context.

Movie Gallery's bonds plunged 26 points as the ailing video rental company sought an amendment to its credit facility last week.

--Roger King, airline analyst at CreditSights, on how the termination of airlines' pension plans could hurt unsecured bondholders.

This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.

The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.

Lehman Brothers is marketing a series of credit-linked notes which deliver enhanced returns to holders by storing away a portion of profits throughout the life of the transaction in a loss-protected account.

A novel series of capital-protected equity volatility notes designed for an insurance company has come to light after it was rated by Moody's Investors Service.

Merrill Lynch has boosted fixed-income trading on its nascent Hong Kong desk with a pair of senior hires.

Credit protection on Japanese Internet conglomerate Softbank Corp. blew out last week over uncertainties surrounding its upcoming acquisition of the local arm of Vodafone.