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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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  • The International Swaps and Derivatives Association has written the Commodity Futures Trading Commission a letter saying that the forwards exclusion requirements under Dodd-Frank are too strict.
  • Barclays strategists have highlighted interest rate option trades that would perform well should Republican candidate Mitt Romney win the U.S. presidential election.
  • The China Insurance Regulatory Commission has changed regulations making it easier for insurers to invest in derivatives, specifically forwards, swaps and futures in the domestic market.
  • Inflows into U.S. collateralized loan obligations have total $34.7 billion so far in 2012—more than the total of the four preceding years combined, as the number of fund managers creating CLOs has doubled this year.
  • The Volcker Rule, which will ban banks from engaging in proprietary trading, is expected to shrink financial institutions’ pretax earnings by up to $10 billion collectively, more than double the $4 billion estimated two years ago, according to Standard & Poor’s.
  • The Securities and Exchange Commission has adopted a rule that sets standards for how registered clearing agencies should manage risks and run operations.