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--Michael Cheah, senior v.p. and portfolio manager of about $2 billion in mortgage and government bonds at AIG SunAmerica, on monetary policy and why he is loading up on Treasuries.

Lehman Brothers is prepping a $2.125 billion facility to fund the $2.8 billion acquisition of Gables Residential Trust by a private equity venture formed by ING Clarion Partners.

LightPoint Capital Management, the Chicago-based asset manager, has raised a $500 million collateralized loan obligation that uses Wachovia Securities' proprietary APEX structure.

Hedge fund Ritchie Capital Management is starting a global macro team and has hired former Morgan Stanley trading veteran Tom Juterbock to lead the effort.

Good friends, good food, good times.

Lord Abbett & Co. may add up to $300 million in mortgage-backed securities.

Royal Bank of Scotland in London is beefing up its European high-yield team and has hired Brent Eastburg in the new role of head of high-yield trading for Europe and Asia.

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

The Royal Bank of Scotland has joined a group of banks that waive assignment fees on a reciprocal basis.

A new on-line portal from Markit, a data provider for credit, will highlight arbitrage opportunities in the credit markets and could lead to the eventual elimination of market inefficiencies.

Second-lien issuance in Europe sky-rocketed in the second quarter, hitting €1.8 billion--or three times the average quarterly volume since the asset class made its appearance in Europe toward the end of 2003, according to Fitch Ratings.