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This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.

--Doug Bender, managing director at McQueen, Ball & Associates, about corporate bonds.

The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.

BMO Capital Markets has hired Tarek Montes, marketer at London-based hedge fund Aspect Capital, for a new role as head of structured derivative sales to the Middle East.

The price of protection on Canadian paper producer Abitibi Consolidated blew out and traders reported twice normal trading volumes after the company reported worse-than-expected earnings Wednesday morning.

Matthew Cooleen, charged with launching Deutsche Bank's credit derivative product company, left the firm last week.

Synthetic collateralized debt obligation issuers are grumbling that ratings agencies are failing to take account of substantial short-credit buckets in CDOs.

Deutsche Bank's U.S. prop desk has started pairing equity variance swaps against the high-yield and crossover series of the CDX index.

Citigroup is marketing an asset-backed securities collateralized debt obligation that references and automatically reinvests in the ABX index at each roll.

Market participants expect credit derivative investors--and hedge funds in particular--to more aggressively influence terms of corporate bond issuance as the credit derivatives market grows.

Citigroup in London has appointed Doug Welch, head of German institutional derivative sales, in a new role as head of institutional derivative sales for Central and Eastern Europe, the Middle East and Africa.

CMBX, the commercial mortgage-backed securities derivatives index, rolled last week and dealers took the opportunity to add BB-rated credits in a bid to attract new investors.