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Federated Investment Management finds credits in the industrials and gaming sectors attractive, said Nate Kehm, portfolio manager of the $5 billion high-yield fund in Pittsburgh.

Market watchers are speculating a change may be occurring in how the Federal Reserve communicates with the bond market, using last week's Federal Open Market Committee statement as their forecasting medium.

About €400 million of German retailer KarstadtQuelle's €1.75 billion credit was auctioned off in pieces by German banks last week.

Hartford Investment Management Company may cut back on corporates by $850 million by next year should the broader economic environment weaken.

Frankfurt-based Deka Investment will move money into more liquid structured bonds in the coming months, to position itself ahead of an expected return to spread tiering.

Objections by Icahn Associates Corp. and Franklin Mutual Series to an out-of-court reorganization for Teco Panda forced the lenders to pursue a Chapter 11 restructuring for the power-project plants.

London-based asset manager Cairn Capital has hired two for its structured finance business.

Jerry Lee, managing director and crossover credit trader at J.P. Morgan, has left the firm and is joining Banc of America Securities in a similar role, according to market participants familiar with the move.

Pension funds are trying to better match their assets and liabilities via new investment strategies that take into account the longer-dated nature of liabilities and the change could drive pension fund managers to invest in more long bonds.

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

Carl Schmidt, Lee Enterprises' v.p., cfo and treasurer on why sellside advisor Goldman Sachs would not have been considered to lead the debt financing backing the acquisition of Pulitzer.