Bank of Boston Corp. took another step toward the high-yield bond market this week with three new appointments in its fledgling securities unit.

The bank appointed Valerie Jones Simson and Jeffrey M. Schachter as vice presidents of high-yield sales and Michael J. Smith as vice president of high-yield trading. That brings the number of staffers to 18. More hirings this month will bring the total to around 30 for the unit, said Steven Shenfeld, head of the bank's high-yield group.

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