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Liquidity in the European bond market will be impacted drastically if regulators require greater disclosure on trades, fear market participants.

Fallen angels are almost twice as likely to default as original high-yield issuers during the first three to four years following a downgrade, according to a first-ever Standard & Poor's study tracking 24 years worth of fallen angel rating behavior.

The Federal Open Market Committee's increased focus on inflation in last week's FOMC statement could signal the committee is readying the market for a 50 basis point increase by its June meeting or even earlier, according to Federal Reserve watchers.

Mutual fund flows have consistently exited the high-yield market over recent weeks, indicating waning buy-side demand.

Phoenix Companies' Asset Management Division has launched a new low-duration core-plus fund, the first low-duration product for the Hartford, Conn.,-based manager.

The European high-yield market got a respite from risky pay-in-kind deals last week, with senior secured notes in demand in Swiss cable operator Cablecom's 1.275 billion Swiss franc ($1.06 billion) deal.

--Jeffrey Gundlach, president of TCW Asset Management, on the growing acceptance of the collateralized debt obligation market.

The recent sell off in auto bonds fueled by fears of a General Motors downgrade to junk is leading investors to reevaluate their risk tolerance and market participants speculate they will react by either putting money into high-quality, short-duration names or will move into newly cheapened, high-beta assets.

Moody's Investors Service has added Ben Garber as statistical economist and Elizabeth Casinelli as economist.

The dynamics of the U.S. high-yield market are on the move and participants are expecting second quarter activity to be characterized by juicier coupons and more conservative deal structures.

Zions Bank is improving its internal trading management system to bring the prices it offers on the 30-year Treasury bond closer to clients' bids.