Americas

Markit and the International Swaps and Derivatives Association have offered concessions to the European Commission in the hope of settling an EU anti-trust investigation into credit default swap trading.

Ullink, the trading technology and infrastructure company, has begun providing direct connectivity to trueEX, an interest rate swap execution facility.

China’s Yintech Investment Holdings closed unchanged on its first day of trading on the Nasdaq on Wednesday, after pricing its $101.3m IPO at the mid-point of the range.

Guatemala will undertake a second day of investor calls on Thursday ahead of what is likely to be the its first international bond since February 2013.

The Province of Quebec has returned to the medium term note market after a long absence, printing in Hong Kong dollars.

Dollar-yen currency option prices have risen sharply this week in line with shifting expectations for the Bank of Japan meeting on Thursday, after details were leaked by anonymous officials of a possible negative loan rate to encourage banks to lend.

Mexican cement company Cemex is looking to buy back up to $400m of senior secured bonds, the latest exercise in liability management.

Grupo Sura, the owner of the largest pension fund in Latin America and the largest bank in Colombia, raised $550m of 10 year senior unsecured bonds on Tuesday as Latin American high grade corporates finally took advantage of a receptive market.

Mexican refrigerated food company Sigma Alimentos sold the first dollar denominated high grade private sector bond from Latin America this year on Monday, taking advantage of low corporate supply to tighten pricing.

Liberty Mutual Group was having a second stab at its first ever benchmark issuance of euro senior unsecured bonds on Tuesday, having conducted a roadshow in 2015 for a print that did not materialise.

A rally in US equities has led to the largest build-up in short VIX futures positions among hedge funds in at least a year, according to data from the US Commodity Futures Trading Commission.

Brazilian telecoms firm Oi has entered a “customary non-disclosure” agreement with Moelis & Company, the advisor for a group of its bondholders, as it looks to work on cutting its debt burden.