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Lincoln Capital Management plans to maintain its underweight position mortgage-backed securities in the coming months.

Collateralized debt obligation structurers are for the first time planning to offer investors the right to buy or sell single-tranche deals in the future.

--Scott Krase, portfolio manager with Oak Hill Advisors and current chair of the ad hoc committee of non-agent secured lenders to Adelphia Communications Corp., on standing up for their rights under the new reorganization plan.

Brendan White, portfolio manager at Fort Washington Investment Advisors, on recent dividend deals in the high-yield market that contributed to a backup in spreads.

Name association ... One buysider noted that American Achievement produced all of the New York Yankees World Series championship rings.

Evangelical Lutheran Church in America Board of Pensions is searching for relative value in off-the-run corporate credits.

Mortgage lenders are beginning to adopt new structures that allow them to raise short-term capital from the asset-backed market by putting pools of sub-prime loans into single-seller conduits.

This chart, provided by Citibank/Salomon Smith Barney Inc., tracks bid-ask prices for par credit facilities that trade in the secondary market.

EuroWeek understands that John Walsh, one of the most successful bankers in international bonds over the last 20 years, is close to joining Royal Bank of Scotland to build a US credit platform.

Barclays Capital has hired Guglielmo Sartori d'Borgoricco, managing director and head of distribution at Credit Suisse First Boston, as a managing director and head of distribution for U.K. and continental Europe in London.

HSBC is moving Jeff Jakubiak, managing director in structured credit, and Peter Lancos, director in structured credit, from New York to London.