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Buyers are returning to the equity volatility market, after implied volatility jumped last week for the first time since August.

Standard documentation for single-name credit-default swaps on asset-backed securities will be completed in the next two weeks, which dealers say will boost market liquidity and ultimately foster more tranche synthetic trades and the creation of an index.

Auto-callables have been actively traded in Europe for several years and have now become an increasingly influential force in flow derivatives.

Bear Stearns is looking to expand its presence in Asia ex-Japan as it boosts its structured equity derivatives business.

Tuesday's $3.8bn bid for ISS, the Danish cleaning services group, by private equity firms Goldman Sachs Capital Partners and EQT has set up a direct clash between the interests of loan and bond investors.

The global market economy is ready for a marriage between Latin America and Japan, according to Makoto Utsumi, President and CEO of the Japan Credit Rating Agency, Ltd.

Katonah Capital, the loan asset management subsidiary of Kohlberg & Co., has proposed that Sankaty Advisors, Blackstone Debt Advisors and INVESCO Senior Secured Management act as the replacement managers for a group of Katonah funds.

Mark Rogus, treasurer and senior v.p. of Corning, discussing Citigroup and J.P. Morgan's role in the company's credit line.

Banc of America Securities is splitting its fixed-income research team into two camps: desk analysts who produce research to support trading activities and independent researchers who can offer the most objectivity.

Two energy financings totaling $1.84 billion are heating up the market. Goldman Sachs and Credit Suisse First Boston are gearing up to launch a $1.14 billion loan for Covanta Energy Corp., while Goldman is pitching a $700 million credit for Cogentrix Energy.

Credit Suisse First Boston is pushing Astoria Energy to honor an agreement the bank said gives it the right to lead a refinancing for the developer's 1GW project in Queens, according to Power Finance & Risk, an LMW sister publication.

Credit Suisse First Boston is beginning to treat crossover credits as a distinct asset class and accordingly has launched a crossover index.