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Malcolm Stewart, head of leveraged finance and high-yield capital markets at Citigroup in London, has left the firm for Merrill Lynch.

Volatility in the Treasury market rose significantly last week, leading market participants to speculate the end of a low volatility market.

MEAG Munich ERGO Asset Management, the Munich-based asset management arm of the Munich Re group, is looking to invest in residential mortgage-backed securities and collateralized debt obligations issued by specialized lenders and managers with well-diversified loan portfolios.

Anthony Clemente has left his role as head of the bank loan and global CDO group at INVESCO Senior Secured Management.

General Growth Properties, in a move buysiders are describing as ridiculous, is skipping the middleman and trying to reprice $2 billion of bank debt directly with investors.

General Growth Properties, in a move bankers are describing as ridiculous, is skipping the middleman and trying to reprice $2 billion of bank debt directly with investors.

Standard & Poor's and HSBC Securities analysts are disagreeing on the impact of the well publicized slew of personnel departures including former president Stephan Newhouse and vice chairman Joseph Perella to hit Morgan Stanley in recent weeks.

--Scott Simon, managing director at Pacific Investment Management Co., discussing at the Bond Market Association's annual meeting how investors need to be aware that widely used option-adjusted spread models are not perfect.

Investors were looking for a price hike on the $5 billion loan package for Kerr-McGee after the mammoth deal was launched last week into a market softer than it has been in months.

Riskier high-yield sales are struggling to get out of the gate while investor risk-appetite continues to dwindle, as the Chicken Little syndrome prompted weeks ago by General Motors' profit scare gains traction.

First Pacific Advisors may add at least $50 million to its holdings of agency floaters pegged to the two-year Treasury swap rate.

Pension reforms could actually put a serious damper on credit, despite the popular view they would just increase demand for longer-dated paper.