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

Nelnet, a prominent issuer of student loan-backed bonds, is caught up in a political firestorm over its use of above-market subsidies from the federal government.

Pension funds across Europe are preparing to lengthen the duration of their fixed-income portfolios to comply with new accounting standards, according to attendees at the European Fixed Income Summit last week in London.

Secondary leveraged buyouts are becoming a stock feature of the European high-yield market as LBO sponsors hungry for assets snap up existing LBOs and use the high-yield market to fund their purchases.

The Bond Market Association and its European Securitisation Forum are increasing their focus on covered bonds as the asset class continues to grow in Europe.

The Bureau of Public Debt plans to tighten the times between the end of U.S. Treasury auctions and the release of the results, according to Steve Meyerhardt, BPD spokesman.

Implementation of the second stage of the National Association of Securities Dealers' Trade Reporting and Compliance Engine (TRACE) began last week.

Yields on 10-year Treasuries appear to have bottomed out and are expected to rise gradually in the fourth quarter, according to market professionals.

Bank of Ireland Global Markets is looking to expand its structuring desk to cover commodities and niche underlyings, such as inflation and property.

BNP Paribas in New York has hired Jonathan Schwartz, credit derivatives sales official at Bank One in Chicago, to cover real money accounts including insurance companies and asset managers.

Barclays Capital has hired William Pang, credit derivatives trader at Deutsche Bank in Singapore, for its Hong Kong desk.