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The primary market had another slow week, with the most excitement coming from the deal that wasn't-- Calpine Corp.'s $2.3 billion offering.
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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.
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-- Michael Materasso, executive v.p and head of global fixed income at Fiduciary Trust International, on Fannie Mae and Freddie Mac.
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Howard Marks, chairman of Oaktree Capital Management, commenting on the firms approach to the debt markets.
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Five-year credit protection on chicken and beef producer Tyson Foods moved wider last week after the European Union banned the import of American poultry.
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United Nations Federal Credit Union is looking to add $50 million in adjustable-rate-mortgages (ARMs), in a defensive move that will be financed by putting new cash to work and selling Treasuries and agencies.
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Network Rail, the not-for-profit company that owns the UK?s railway tracks, will make its long-awaited debut in the public bond markets in the next few weeks, as part of its plans to launch billions of pounds of debt to finance improvements in the railway infrastructure.
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Goldman Sachs is closing its Boston fixed-income sales office, according to an internal memo sent today by Jon Winkelried, co-head of fixed income, currencies and commodities in New York.
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BAA has started restructuring derivative positions to qualify for hedge accounting under new international accounting rules and is surprised that derivatives shops are not offering more tools to help with the project.
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Daniel Kaiser, managing director in structured credit marketing and origination at Bear Stearns in New York, has left the firm.
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BP Capital Markets has entered currency and interest rate swaps to synthetically convert a GBP100 million (USD189 million) bond issue.
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Collateralized debt obligation sales pros will have to come up with new ways to market CDOs to equity tranche investors after structurers have had to alter the way they divert excess spread between the tranches in stressed conditions.