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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
Japanese firm plucks banker from UBS
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We revisit the problem of valuing Bermudan swaptions in a 1-factor LGM model when the yield curves used for projecting and discounting the flows of the reference swap are different to the yield curves used to value standard European swaptions.
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Cairn Capital is pitching a collateralized loan obligation which will hold the 5% skin-in-the-game portion via a managed structured credit fund of the London-based asset manager.
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Buying two-month reverse knock-in put butterflies on the Australian dollar against the New Zealand dollar is being pushed by Credit Suisse strategists as a way to position for continued NZD outperformance versus the AUD due to support from commodity prices and central bank divergence.
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—Andrew Kaufmann, global head of fx structuring at UBS in London, on why the firm integrated its EM fx business with its overall fx business.
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With frequent news of firms cutting and winding down various divisions, Banco Bilbao Vizcaya Argentaria stood out this week with its expansion in equity derivatives flow and structured products capabilities in Europe and the hiring of six staffers.
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Mark Wong, managing director and co-head of linear rates trading at Deutsche Bank in Singapore, has left the firm.