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◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
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New contracts cannot yet be traded in US
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  • JPMorgan has issued a report that concludes there is no evidence European bank credit default swaps are being used “as proxies to short sovereigns.”
  • Bart Chilton, a member of the U.S. Commodity Futures Trading Commission, has called on regulators to develop a simpler version of the Volcker Rule, which currently runs around 240 pages.
  • Structured-note issuer DZ Bank has dropped research on emerging market bonds as part of a firm reorganization.
  • A U.K. lawsuit scheduled for October against Barclays seeking damages for losses from allegedly mis-sold interest rate swaps as a result of alleged manipulation of the London interbank offered rate has been postponed until next April.
  • Only between 200 and 300 of so-called category-two firms—such as commodity pools and hedge funds—out of 2,000 eligible companies are expected to be prepared to clear select interest rate swaps and index credit default swaps by a June 10 deadline.
  • Standard Life has announced plans for its a wrap platform to include access to structured products, exchange traded funds and other market-traded assets.