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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
SSA
New contracts cannot yet be traded in US
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  • The International Swaps and Derivatives Association believes U.S. central counterparty clearing rules do not reflect the Basel Committee on Banking Supervision’s position.
  • Levels for five-year credit default swap on banks in Europe that own significant government bonds in their home country have shown signs of sharp outperformance relative to five-year sovereign CDS during the last week.
  • Funds have been picking up a variety of options on the U.S. dollar against the yen with the view that the dollar will appreciate.
  • The Japan Financial Services Agency plans to push regulators in the U.S., Europe and other regions to move forward with the implementation of mandatory clearing of over-the-counter derivatives.
  • BNP Paribas is advising investors to enter a worst-of-best-of option play that positions for the worst performer in a basket of emerging markets indices to outperform the best performer in a basket of developed markets indices.
  • The U.S. Commodity Futures Trading Commission has issued for comment proposed protections for investors in futures and derivatives.