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A liquid market for emerging-market collateralized debt obligation tranches is yet to materialize because tight spreads are stunting the number of deals being printed.

Deutsche Bank has issued a USD1 billion static synthetic collateralized debt obligation, referencing USD958 million of residential mortgage-backed securities.

China watchers are readying for the expected launch of index futures in the coming months, which should give a boost to over-the-counter products.

The price of credit protection on General Motors Corp. traded on a running basis for a few hours Wednesday, on the back of increasing positive sentiment on the automaker.

Houses in Asia are moving toward independent hybrid structuring desks as appetite for higher-yielding sophisticated products grows in the region.

PRS Group, a Miami-based hedge fund of funds manager with over USD1 billion under management, is actively hedging exposure to certain fund strategies to help it meet volatility and return targets.

The International Finance Corp. has entered a swap to receive floating rates after placing a fixed-rated bond.

Credit structurers in Japan have noted a sharp shift in the correlation curve being driven by increased interest for mezzanine tranches in the typically stable market.

--Winston Wenyan Ma, author, on how index futures in China may boost the over-the-counter market.

Single-tranche collateralized loan obligations securitized through total-return swaps and cash-synthetic hybrid CLOs are gaining popularity as documentation for U.S. loan-only credit-default swaps nears completion.

Lehman Brothers has recruited Hiroshi Wakutsu, managing director and head of equity derivatives at Calyon in Tokyo.

Merrill Lynch reportedly has hired Manroop Jhooty, senior v.p. in the collateralized debt obligations group at Dominion Bond Rating Service in Toronto, to its structured credit derivatives desk.