Banks and 'vulture' funds, which invest in distressed assets, have swooped in on Enron bonds in high trading volumes as they sensed possible profits from Enron's break-up value.

Billions dollars of the Texas-based energy group's debt traded Thursday and its bond prices stabilised as mainstream funds offloaded their bonds. The main buyers were bank proprietary trading desks and hedge funds well-versed in making money from corporate debt restructurings.