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The 10 year Treasury yield surged to its highest levels since last July, piercing 4.5% on Wednesday. The sell-off in Treasuries was sparked by renewed inflation fears as oil reached over $55 a barrel, commodity prices continued to climb and the US Federal Reserve raised concerns about inflation.

The 10 year Treasury yield surged to its highest levels since last July, piercing 4.5% on Wednesday. The sell-off in Treasuries was sparked by renewed inflation fears as oil reached over $55 a barrel, commodity prices continued to climb and the US Federal Reserve raised concerns about inflation.

Barclays, HSBC and Royal Bank of Scotland have launched syndication of a $450m loan for service company Serco's purchase of UK consulting firm ITNet and RCI Holding Company, one of the leading suppliers of business process management and IT services to the US federal government

Huan Hsin Holdings' $66m five year fundraising has received two sub-underwriting commitments. Oversea-Chinese Banking Corp is lead arranging the facility.

Daelim Corp has verbally mandated Korea Exchange Bank and Woori Bank to provide a $25m 12 year ship financing. The deal will be completed on a club basis and the banks will provide the funds equally.

The debt supporting BC Partners and Cinven's buy-out of Spanish travel booking firm Amadeus will not be syndicated until mid-April.

Rating: A3/A- (Moody's/Fitch)

For longer than anyone can remember, people have predicted the demise of the syndicated loan market. However, the loan market is famous for its robustness and ability to evolve. And if the years have proved one thing it is that no other market can provide the necessary financing facilities with the size, speed, efficiency and confidentiality that the loan market delivers.

Industri Kapital is selling Dyno Nobel, the explosives manufacturer. The company is expected to fetch up to $1.5bn. Citigroup has been hired as an adviser.

Finansbank (Suisse) launched a $50m 364 day facility into syndication yesterday (Thursday).

Banks are waiting for Eva Airways to award the mandate for a $50m-$60m facility.

The syndicated loan market is changing fast. It is becoming a genuinely global market, where lenders, borrowers and investors have access to an increasingly vast pool of liquidity and array of choice. As a result, many senior market professionals believe that the loan as an asset class is ready to come into its own. Remember when the syndicated loan market was so uncomplicated, so compartmentalised? Then, in Europe at least, it was predominantly an investment grade market which was dominated by banks, illiquid and localised.