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Moody's Investors Service is planning to release commentary this month that will qualify the difference between market trading levels and credit ratings of the bonds.

An increasing number of buy-siders are launching portable alpha strategies, which take excess returns from one fund and invest them in other investment vehicles.

In recent years, bankruptcy courts have entered restrictive trading orders in a number of large recent Chapter 11 cases, including UAL, US Airways, Mirant, Conseco and Worldcom

A report coming out this week may confirm the growing view agency debentures are supplanting Treasuries in foreign investors' portfolios as they seek higher yields, which may point the way to higher government bond yields in the long run.

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

J.P. Morgan and Bear Stearns have increased the pricing on Telcorida Technologies bank deal after the loan was pulled back last week.

Jeff Herlyn and Michael Rosenberg, managing directors and co-heads of the global collateralized debt obligation group at UBS, resigned last week and are joining Polygon Investment Partners, a multi-strategy hedge fund in London.

UBS is starting up a real estate principal finance business in Europe and has hired Wilson Lee, a veteran of the European real estate finance markets, to spearhead the effort.

--Robert Hyken, portfolio manager at Eagle Asset Management, on why he sticks to triple-A securities when making investments in floating-rate notes.

WTO Director-General Supachai Panitchpakdi expresses confidence that "the lessons learned during our first decade will help future leaders"

Rumson Capital has hired an equity derivatives trader.