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After a summer of golf and tennis outings, investors can look forward to a trip to the auto races in September courtesy of Banc of America Securities.

This chart, provided by Citibank/Salomon Smith Barney Inc., tracks bid-ask prices for par credit facilities that trade in the secondary market. It also tracks facility amounts, ratings, pricing and maturities.

Merger mania may be coming to a collateralized debt obligation manager near you.

C.J. Berger, a managing director of Summit Investment Partners, discussing second-lien loans and Chapter 11.

--Eric Goodison, partner at Paul, Weiss, Rifkind, Wharton & Garrison in New York, on the potential for acquisitions of CDO managers.

United Nations Federal Credit Union is considering adding 15-and 30-year pass throughs in late summer or early fall to bring its neutral allocation in mortgage-backed securities to overweight.

Germany astonished the European bond market yesterday (Thursday) by selling Eu5bn of Eurobonds credit-linked to Soviet-era Paris Club debt owed to it by the Russian Federation.

Banc of America Securities has hired Toby Mitchell, a credit derivatives sales staffer at Citigroup in New York, in a similar role.

Jeffrey Burch, a former utility fixed-income analyst at Bank of America in London, has left the investment bank to help manage a recently launched USD1.5 billion credit derivative-focused hedge fund in New York.

Buyside firms, such as hedge funds, have different risks to their sellside counterparts and therefore shouldn't adopt the same control orientated risk management policies, according to Richard Bookstaber, president of Scribe Reports.

Citigroup has published a research report warning that French derivatives houses may have to curtail their equity derivatives structured products business because of the earnings volatility new accounting rules will generate when they kick in next year.