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The $1.74 billion Seattle City Employees Retirement System is interested in talking to firms that offer structured credit strategies, such as collateralized debt or loan obligations.

Jeffrey Layman, director of investment services at BKD Wealth Advisors, is shifting his portfolio to lean more toward shorter end investments in the face of a flattening yield curve.

Refco Group's bank lenders connected for a conference call Friday as CIN went to press to hash out a game plan for the beleaguered brokerage firm that took the market on a wild ride last week.

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.

The International Swaps and Derivatives Association has held a preliminary meeting to discuss setting up a bond-swap definitions template.

The 2005 definitions for interest rates and currency options may not make it out until 2006.

BNP Paribas has entered the competitive Hong Kong retail market with the launch of a credit-linked structure and is planning additional products across asset classes.

ABN AMRO has hired a pair of derivatives sales staffers as part of an effort to expand its cross-asset private investor products group.

Deutsche Bank has hired B.G. Lee, director and head of sales in fixed income at Citigroup in Seoul, for a similar role in its global markets group in Seoul, according to officials at the firm.

Richard Moore, senior exotic equity derivatives trader at Citigroup in London, has transferred to the global hybrids group.

The U.S. dollar surprised the market by gaining against the yen at the start of last week, putting pressure on barriers around JPY115 that had not been tested for nearly a year.