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International Finance Corp., the investment arm of the World Bank, is overweight Treasury Inflation-Protected Securities and will continue to bulk up on them in the current environment of rising rates and inflation.

Barclays Capital has hired Yasuhiro Ishibashi, director in global markets at Deutsche Bank, as a director and Japanese head of structuring in Tokyo.

Bank of America is preparing to enter the domestic Taiwan dollar credit derivatives market in the coming months.

Citigroup in Australia has structured a principal protected note referenced to global equity markets, because some local investors think the domestic bull run is about to end.

Derivatives users outside the major financial institutions may be left behind when the Inland Revenue, the U.K. tax authority, starts its second bout of consultation on derivatives taxation under International Accounting Standards.

Tim Blake, co-head of structured credit derivatives trading at Credit Suisse First Boston in London, has moved to New York to replace Matthew Zames, co-head of global U.S. rates trading, who has jumped to JPMorgan.

Dresdner Kleinwort Wasserstein has hired Stephen Fulford, co-head of equity sales trading at UBS in London.

Derivatives traders were scrambling to buy downside protection last week after buying dollar calls as the yen appreciated to JPY106.20 against the greenback the week before.

GFI Group is planning to add credit-default swaps referenced to asset-backed securities, convertible bonds and preferred shares to its online system for credit derivatives trading next year.

The International Swaps and Derivatives Association has met with the Securities and Exchange Commission to explain its objections to the complex structured finance guidance, but Kimberly Summe, ISDA's general counsel in New York, admits the trade association is no closer to knowing the outcome of the review period.