Free content

The Los Angeles County Treasury will buy $200-300 million of Freddie Mac's two-year callable agencies in the coming months.

Tom LaPointe, portfolio manager at Columbia Management Group in Boston, on The Bond Market Association's opposition to providing more dissemination on illiquid securities.

This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market. It also tracks facility amounts, ratings, pricing and maturities.

Aladdin Capital Management, a collateralized debt obligation manager with five transactions under its wings and $1.5 billion in assets under management, is planning to increase its participation in the structured credit market and is in the process of launching an open-ended credit fund.

Ryan Labs will focus on investments in corporate bonds, specifically in finance companies, and mortgage-backed securities as it looks to provide yield in the short- to intermediate-part of its portfolio.

Tight credit spreads and rising rates are fueling expectations that a corporate issuer could sell a 12-year floating rate transaction in the European market by year-end, according to syndicate officials.

Missouri Valley Partners has recently put on an overweight position in mortgage-backed securities and is looking to maintain that weighting.

Insight Investment, the London-based asset management arm of Halifax Bank of Scotland with over £71 billion in assets under management, has created a dedicated high-yield team with the hire of Aengus McMahon, senior credit analyst at Henderson Global Investors in London, and Craig Abouchar, high-yield portfolio manager at ING Investment Management in The Hague.

Barclays Capital in London has hired Ulrich Schlumberger, emerging markets equity derivatives trader at Merrill Lynch, as a senior trader in a similar role.

ABN AMRO has lured Stephen Lobb, European head of credit structuring at Commerzbank Securities in London.

Adrian Steinherr and Carl Christenson, equity derivatives salesmen at Commerzbank in London, have left.