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Lehman Brothers has hired three senior equity derivatives officials from JPMorgan. Axel Kilian, former co-head of equity derivative sales, joins as head of structured products investor sales for Europe, Juergen Bossler, formerly responsible for sales to Germany, and Martin Bertsch, former head of financial engineering, go to Lehman for similar roles. Serra Balls, spokeswoman for Lehman in London, declined comment.

Two loan market pros popped up in a photo in Sunday's edition of The New York Times, but this time it was not the Sunday Style section.

The long end of the Treasury inflation-protected securities yield curve fell to an all-time low last week.

The Bush Administration's proposed reforms for defined-benefit pension plans could add financial pressure to high-yield companies, bump up the default rate and lead to ratings downgrades.

Robert Lass, founding managing director at Radius Equity Partners and vocalist/guitarist/producer of Jazz and R&B songs, discusses 363 bankruptcy sales and partnering with lenders.

Accusations that sub-prime lender Ameriquest Mortgage uses "Boiler Room"-type origination practices have reignited concerns about whether some of the most frequent bond issuers are sacrificing lending standards for the sake of keeping origination levels up as rates move higher.

Putnam Investments in London is pursuing a highly credit-specific strategy in European high yield, with new investments concentrated in the single-B and triple-C parts of the credit spectrum.

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

Short-term debt volumes posted the biggest monthly jump in almost four years in January, signaling a pick up in corporate bond issuance may be down the road.

Eric Rosen, managing director and co-head of credit trading at J.P. Morgan, on moving loan trading to the public side.

Andy Clapham, senior managing director and European head of securitization at Bear Stearns in London, has left the firm.

-- Yves Leysen, head of debt corporate finance at Bear Stearns in London, on why it will not replace Andy Clapham, head of securitization.