Free content

ING Capital Advisors (ICA) was seen shopping a $350 million portfolio of loans last week with bids expected as LMW went to press.

The bank debt for McLeodUSA continues to sink, with the $376.5 million "B" loan quoted at 32-37 from the 39 context where it was posted two weeks ago.

The pace of new junk sales is likely to slow for the remainder of the year, agree strategists and economists.

Nextel Partners is cashing in on Standard & Poor's decision to raise the company's bank debt rating to investment grade, tapping the bank market for a seven-year, $550 million "D" loan that could shave 100 basis points from current pricing.

INVESCO has hired Stuart Stanley, European high-yield fund manager at AXA Investment Managers in Paris, as European high-yield portfolio manager in London.

Old Mutual Asset Managers in London is looking to pump about £9 million into U.K. retail and consumer investment-grade corporate bonds in the coming weeks.

Andres Capital Management may add to its holdings of hybrid adjustable rate mortgages to protect itself against the outside risk of a spike in interest rates.

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

Repo market activity surged as much as 25% in long bonds on the Treasury's announcement it may revive the 30-year, in what was a sure sign leveraged accounts were repositioning, according to several market participants.

April's surprisingly strong payroll figures are expected to clear the path for continued Federal Reserve rate hikes.

Rising interest rates, the prospect of heightened defaults and increased opportunities for investors in emerging markets and U.S. equities could lead hedge funds away from the second-lien market.

A change in the repo market could make TIPS more liquid.