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Credit Suisse is spreading the cocktail love to the tri-state area.

The opening session of the Loan Syndications and Trading Association's conference dealt with the global loan market and the developments in Europe, Japan, Latin America and the Asia Pacific markets.

Beal Savings Bank is suing a group of guarantors for breach of a keep-well agreement in an unusual case that could have serious repercussions in the loan market.

Delphi's 6.55% '06 bonds jumped 12 points from 55 to 67 as investors rushed to get hold of bonds to deliver for credit default swap contracts.

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.

Credit structurers in the U.S. are running models on asset-backed constant proportion debt obligations that would include different maturities of the asset-backed securities index, ABX, in the reference pool.

Babson Capital Management has closed its first four-currency collateralized debt obligation.

--Dan Ivascyn, asset-backed securities portfolio manager at Pacific Investment Management Co., which is returning to managing ABS CDOs because the development of the CDS market now allows the manager to express different views on the market.

Last week's Learning Curve discussed the legal basis for insider trading claims with respect to credit-default swaps and the safe harbor for "reasonable policies and procedures."

Inter-dealer broker LinkBrokers Derivatives Corp., the U.S. arm of Link Asset and Securities Co., has hired Citigroup equity derivatives trader Daniel Lago as head of institutional sales.

A report Tuesday from Japanese financial information services firm Nihon Keizai Shimbun that the Bank of Japan was planning to regulate yen carry trades caused a brief spike in yen implied volatility levels.

Cheyne Capital in London is managing and marketing globally its first equity tranche with an investment-grade rating.