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Five-year credit protection on The Walt Disney Co. and Comcast Corp. started to converge last Wednesday after the cable giant made a $66 billion offer for the Magic Kingdom.

Investors have consistently wished for wider spreads and, at last, the market seems to be of a mindset to oblige.

Morgan Stanley has hired Kevin Edwards to trade investment-grade corporates. Edwards, who plans to start this week, joins from Goldman Sachs where he had a similar role.

--Bill Dudley, economist at Goldman Sachs, noting that inflation is not an immediate concern to fixed-income investors.

The primary market continued to slow down last week after a gangbuster start to the year.

Dana Investment Advisors plans to increase its exposure to mortgage-backed securities by about $160 million in the coming months and will finance the increase by reducing its exposure to Treasuries.

In a Feb. 19 letter, Bill Gross, chief investment officer, and CEO Bill Thompson, are defending the firm on charges it allowed so-called sticky and late trading.

The Securities and Exchange Commission is planning to become more active in regulating and monitoring structured finance issuers, starting with the upcoming reporting season that will see many issuers file 10Ks in the coming months, according to a staff member.

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.

--Jeff Lawrence, Iron Mountain's treasurer, on addressing upcoming debt maturities.