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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
◆ 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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  • Sovereigns, and the credit market as a whole, remain in limbo while Spain’s fate is uncertain.
  • Commodity Futures Trading Commission Chairman Gary Gensler has outlined a timetable for introduction of regulations governing the swaps market, telling a conference the initial set of clearing determinations may be finalized as early as next month.
  • Market participants expect the derivatives industry to slowly shift away from using the London interbank offered rate because of complex legal changes it would require to current derivatives agreements.
  • Bank of America has made changes in top management of its financial services advisory team in Europe, including naming Henrietta Baldock as chair of the financial institution group investment-banking division.
  • EBS, the electronic fx platform owned by ICAP, has named Ben Tobin as director of liquidity management.
  • BlueMountain Capital Management has closed its BlueMountain Credit Opportunities Master Fund 1 at USD1.4 billion.