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Better yield and fewer participants have sent several new managers and lenders scurrying to the middle market with new funds and portfolios featuring larger middle-market buckets.

The Loan Syndications and Trading Association is considering filing a second amicus brief related to a recent ruling in the Enron court case that could render some Enron bankruptcy claims worthless.

John Fraser, a portfolio manager at Angelo Gordon & Co., left the firm only weeks after the departure of Jeff Aronson, the portfolio manager responsible for the firm's distressed securities and leveraged loans.

This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.

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.

Tembec may reduce C$327 million of bank debt with the refund in duties that it is owed as part of the trade agreement that the U.S. and Canada reached last week.

Jamie McWilliam, Asian head of the financial markets derivative solutions group at ABN AMRO in Hong Kong, has left the firm.

Richard Gladwin, head of fx options at Barclays Capital in London, has left the firm. Gladwin could not be reached.

Calyon is marketing a USD147 million synthetic collateralized debt obligation with an underlying portfolio of asset-backed securities sourced by Winchester Capital, the principal finance arm of Deutsche Bank.

A London-based hedge fund firm running a volatility arbitrage fund has passed the USD500 million mark, in spite of it being a less well-known strategy.

China's collateralized debt obligation market is best described as embryonic.

Credit Suisse's Wen Shiau, director in fixed income and derivative sales in Hong Kong, has joined WestLB in a senior role.