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The gap between yields on TIPS and nominal Treasuries is widening on inflation fears, with the January '07 TIPS issue's breakeven, as it is referred to, at its highest level since March of 1997.

Contrarian Capital Management, Satellite Senior Income Fund and CP Capital Investments, holders of WestPoint Stevens' first-lien debt, have brought in Wilbur Ross to buy the bankrupt textile company, in what could prove a highly contentious deal.

Arthur Tetyevesky, senior v.p. in fixed-income and investment-grade credit strategist at Lehman Brothers, is joining HSBC Securities in New York in a similar role this week.

ING Bank plans to ramp up its balance sheet commitment to structured finance bonds with an increase in proprietary trading.

J. Scott Victor, managing director and founding partner of SSG Capital Advisors, discusses hedge funds lending to troubled companies and avoiding bankruptcy.

Ben Martens, government bond strategist at Lehman Brothers, is leaving the research team to join the firm's proprietary trading desk.

A Boston-area short-duration manager is looking to extend its reach into asset-backed securities and structured products as it prepares to extend an investing strategy to a wider audience.

It was a busy social week for the loan market as activity on the desks cooled and buysiders took to traveling and relaxation.

Moody's Investors Service in Europe has hired Thorsten Arsan from consulting firm KPMG's real estate group in Frankfurt.

Glenmede Trust Co. may add up to $120 million to its holdings of Treasuries in a relative value play on the belly of the curve should yields on the 10-year reach 4.5%, according to Stephen Mahoney, portfolio manager and first v.p.

The completion of two drive-by high-yield offerings late last week could signal the recent speculative-grade issuance drought may be coming to an end.