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Tower Automotive's second-lien loan shot above par after the company filed for bankruptcy last Wednesday and a holder of the debt offered to buy up all the second-lien paper.

-- Andrew Holmes, product manager for Schroder Investment Management's £2.5 billion in euro-denominated bonds, on how slower-than-expected economic growth in the region will tame inflation.

Structurers at Citigroup in London have created a capital-protected note that uses an inflation-linked formula to allocate and protect investment.

Chicago's futures exchanges are aiming to move over-the-counter credit derivatives index trading on to the exchange late this year and have set a joint-working group to steer the project.

Credit Suisse First Boston is moving its Japanese equity derivatives desk onshore for the first time since Credit Suisse Financial Products lost its license for derivatives trading across asset classes.

Credit protection on Fiat jumped around 20 basis points last Wednesday on the news its ongoing dispute with General Motors has not been resolved.

Banks are starting to approach the Taiwanese regulator to see how they can purchase or restructure structured products fixed income funds bought and which have subsequently performed poorly.

The International Swaps and Derivatives Association is issuing legal opinions for the derivatives markets in India and the Philippines.

--Bruno Servant, executive director at UBS Global Asset Management in Paris, commenting on a product which combines equity growth and inflation-linked real-money returns.

Credit-default swap trading on Hong Kong blue chip Hutchison Whampoa doubled last week after Moody's Investors Service changed its outlook.