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Rami Farah and Mohamed Idriss, both responsible for structured product marketing to the Middle East, have left Barclays Capital in London.

The New Zealand dollar hit a three-month low against the U.S. dollar last week, prompting an uptick in implied volatility and a rush to buy downside kiwi puts.

Negative-basis trades have started to wane in hybrid asset-backed securities collateralized debt obligations as new players entering the market allow banks to place tranches.

Equity houses are expecting interest for derivatives linked to a new Malaysian index.

Tom Doyle, deputy head of alternative investment sales at SG Corporate & Investment Banking in London, has left after a few months to return to KBC Financial Products.

SG Corporate & Investment Banking is offering derivative investment products linked to a fully managed credit derivative fund.

High leverage and rising interest rates are contributing to wider residential mortgage-backed securities spreads, but RMBS credit-default swap spreads are near all-time tights.

Five-year credit-default swap spreads on Goodyear Tire & Rubber Co. and Cooper Tire & Rubber Co. blew out last week after rival tire maker Bridgestone Tire issued lower-than-expected guidance ahead of second-quarter earnings.

Bank loan desks, insurance companies and asset managers are turning to portfolio protection strategies where the cost of protection steps up as losses occur.

The U.K. Takeover Panel has issued its response statement on the consultation paper on Control Issues RS 2005/3, along with three other response papers.

Los Angeles-based TCW Asset Management is decreasing the proportion of credit-default swaps in the latest installment of its hybrid collateralized debt obligation series because of tightening spreads.

Deutsche Bank this morning pulled the repricing portion of the amendment it was in the market with for Hertz Corp.