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The Royal Bank of Scotland is expanding its fixed income operation by adding senior staff to its structuring and marketing desks.

Shinsei Bank is launching a dedicated credit-default swap trading desk in Tokyo and has just hired Mark Thompson, director in credit trading at WestLB in London, as general manager in the capital markets division to spearhead the effort.

--Mark Thompson, general manager in capital markets at Shinsei Bank in Tokyo, explaining why credit-default swap trading in Japan is looking attractive again.

Dealers fear Indian equity derivatives buyers may be scared off by an unexpected move banning major player UBS from issuing off-shore derivatives on Indian underlying for one year.

Solent Capital Partners in London is marketing a collateralized debt obligation of first-to-default baskets, structured by Barclays Capital.

AXA Investment Managers is marketing a capital-protected closed-ended fund linked to real estate funds.

Citadel Investment Group, a U.S.-based hedge fund, has reportedly hired Richard Jackson, a senior interest rate options trader at JPMorgan in London.

Barclays Capital has hired Saad Ali, credit structurer at UBS in London in a correlation structuring role.

A vigorous rally took possession of the world's credit markets on Wednesday, pushing corporate bond and credit default swap spreads back down and restoring some of the confidence that has been lost during the market's shaking over the past three weeks.

EA Kratzman has joined Katonah Capital from Rabobank to manage new funds the firm will be raising.

Shay Assets Management may add to its AMF Adjustable-Rate Mortgage Fund's holdings of front-end sequentials of hybrid adjustable-rate mortgages.

Some recently launched deals are being pinched as investors are starting to push back and call for higher pricing.