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Fears about credit-default swaps wiping out when the underlying debt is restructured are overblown, according to some traders.

Cooper Tire & Rubber Co.'s yield curve inverted Wednesday as five-year credit-default swap spreads continued to widen.

Takashi Makita, a senior equity derivative flow trader at Credit Suisse in London, has left the firm.

Street firms and hedge funds are starting to swap commodity correlation exposures through a relative-value trade termed a commodity correlation swap.

Deutsche Bank has boosted its Southeast Asia sales effort with the hire of Sreenivasan Iyer, director in the strategic solutions group at Merrill Lynch in Singapore, for a new role.

Singapore banking giant DBS is reeling in a team of three marketers from UBS as part of an fx build up.

Deutsche Bank in London has hired Michael Ingelog, a senior equity derivative flow salesman covering Scandinavia at UBS, in a similar role.

Syndication of the £8.97bn loan backing the Ferrovial-led bid for British airports operator BAA has closed, having raised as much as £14bn, bankers say.

T-Zero widened its breadth of alliances this week with an agreement to provide electronic post-trade affirmation and straight-through processing for BGC Partners, the leading broker.

Standard & Poor's has assigned a rating to the first public fully-rated credit constant proportion portfolio insurance transaction.

GSC Partners is marketing its second hybrid asset-backed securities collateralized debt obligation.