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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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  • New Zealand’s Commerce Commission has acted on complaints and is conducting an assessment to determine whether some bank interest-rate swap agreements with farmers and ANZ National Bank’s Rural Growth Fund run afoul of the Fair Trading Act.
  • The United Arab Emirates Securities and Commodities Authority has approved regulations involving market-making and short-selling of listed securities to help enhance the UAE’s capital markets and revive equity trading. The new measures are expected to be implemented by the end of the year.
  • Trading of yen-denominated interest rate swaps in Japan stalled briefly Tuesday in the Asia-Pacific morning as clearing began on the country’s central counterparty.
  • Deutsche Bank is recommending shorting the U.S. dollar against the Brazilian real.
  • The Singapore Exchange’s proposed lowering of its clearinghouse membership threshold to a SGD50 million (USD40.6 million) minimum share capital value from SGD1 billion (USD1.23 billion) could introduce ill-equipped clients into the nascent CCP.
  • Ross Ryan, a delta 1 and equity finance trader at Bank of America Merrill Lynch in Hong Kong, has resigned from the firm to join Barclays.