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Trevor, Stewart, Burton & Jacobsen will buy corporates and extend duration when rates go up.

Invesco Asset Management will extend duration in its GT Bond Fund in anticipation of interest rate rises.

-- Denise Grant, v.p. in MBS at Fannie Mae.

C. S. McKee & Co. plans to reduce its exposure to agencies by 5%, or about $70 million, and use the proceeds to buy Treasuries.

Banks and insurance companies are increasing their participation in the collateralized mortgage obligation market as a way to hedge extension risk amid a rising-rate environment.

On an aggregate basis, April's issuance volumes were the lowest of any month so far this year as the sell off in the Treasury market kept the pipeline subdued.

How many times in these columns have we applauded HVB?s Dieter Rampl for being the most optimistic man on earth and the only bank chairman we know who never fails to laugh and flash his gnashers at the cameras?

The Royal Bank of Scotland launched the world?s second largest accelerated placement of new shares on Wednesday to help fund its $10.5bn takeover of Charter One Financial, the US retail bank.

Deutsche Bank has set up an equity derivatives quantitative trading group and has hired Zemach Sternberg, a former senior managing director at Salomon Smith Barney to spearhead the operation.

Maryam Muessel, head of the structured finance business at collateral manager American Capital Access, has left the firm.

Freddie Mac recently sold $1.5 billion of conforming non-agency mortgage securities through a single broker-dealer, according to an official at the firm.