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--Joe Cafiero, president of CREMAC, a Brooklyn, N.Y.-based asset manager that is ramping up assets for its debut collateralized debt obligation.

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

The number of potential fallen angels is creeping higher, in one of the first signs the credit cycle has peaked, according to Standard & Poor's.

Investors are flouting signs of strong inflation and are selling off TIPS, even as commodity prices hover near all-time highs.

Yields on triple-B industrial credits, which recently averaged 170 basis points over 30-year Treasuries, are due to tighten, predicted John Lonski, chief economist at Moody's Investors Service.

ABN AMRO has let go at least three high-grade corporate bond traders in New York and is folding its high-grade salesmen into its Chicago-based subsidiary LaSalle Bank.

Whilst the Euro remains weak, emerging markets did not fall further and Turkey recovered

Banque AIG in London has hired Magnus Orgard, managing director responsible for derivative sales with WestLB in London, as an executive director in a marketing role.

BlackRock, the mammoth fixed-income investor with nearly USD400 billion in total assets under management, is trying to persuade institutional investors to amend their guidelines to allow the firm to enter credit-default swaps on their behalf, according to DW sister publication BondWeek.

BNP Paribas said it has seen investor demand for a bearish European rates-linked note it structured last month increase in the wake of recent no votes on the European constitution.

Protection on drinks company Allied Domecq tightened by 30 basis points last week after an acquisition offer by French company Pernod Ricard was backed by market leader Diageo.