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A number of investors headed west to Scottsdale, Ariz., for Deutsche Bank's 2006 High-Yield Conference last week.

Mirant's bonds traded up 10 points on an upbeat view of the company's performance post-bankruptcy.

Technical Olympic USA's term loan fell 15-20 points to 68 as the homebuilder continued to grapple with poor conditions in the Florida housing sector.

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.

ABN AMRO is planning to double the size of its New York private investor products group, which sells derivatives-based investment products to retail and high-net-worth investors.

ABN AMRO last week brought aboard George Koo, Asian head of the financial institutions group at Barclays Capital in Hong Kong.

Bear Stearns is expanding its equity-linked product range out of Hong Kong with three hires from Deutsche Bank.

Options on standardized tranches of the ABX asset-backed securities index are seen as a likely new product by dealers.

Hedge funds and bank prop desks surprised the market Tuesday by buying long-dated euro/U.S. dollar and dollar/yen volatility, reversing months of selling and driving up implied volatility levels from multi-year lows.

Calyon is considering more managed collateralized debt obligations as a way to mitigate risk in light of a recent move by Moody's Investors Service to put on review for a possible downgrade two classes of SEA CDO, a seasoned CDO completed by the firm several years ago.

Calyon recently launched in Hong Kong a short-dated principal-protected retail note with an embedded Asian call option linked to the Nikkei 225 index, to capitalize on investors' favorable view of Japanese equities.

About 600 credit market participants convened at the Grand Hyatt Hotel in New York City last week for The Bond Market Association's CDO Investors Conference.