Pre-migration untagged articles

THE SWISS franc market succumbed to the temptation of an early Easter holiday in the face of turbulent global financial markets, with activity limited to a single tap.

THE COVERED bond market was casting about for an issuer to reopen the market this week, with Dexia Municipal Agency believed to have found limited enthusiasm for a new deal after pre-sounding in difficult conditions.

Dresdner Bank has agreed terms on its support facility to K2, its structured investment vehicle, to cover the repayment of all senior debt as it becomes due.

THE DUTCH State Treasury Agency (DSTA) has become the second government this year to open the trading of its securities to platforms other than MTS, following Belgium’s move to multi-platform trading in February.

CQS Management, with ISD10 billion in assets, on March 1 launched the CQS Credit Volatility and Correlation Fund with an undisclosed amount of seed capital from external investors.

Highland Capital Management formed the first distressed business development company.

-- Neal Schweitzer, senior v.p. at Moody's Investors Service on the rise of looser covenants.

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.

FSA gives firms advice on how to tackle rogue traders