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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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  • The latest version of the European Market Infrastructure Regulation gave market participants more leeway in clearing intragroup transactions.
  • The notional amount of derivatives held by insured U.S. commercial banks and savings associations fell for the fourth consecutive quarter in the second quarter, dropping USD5.5 trillion, or 2.4%, to USD222 trillion, according to the U.S. Office of the Comptroller of the Currency.
  • The U.S. Commodity Futures Trading Commission has provisionally approved the Depository Trust & Clearing Corp.’s swap data repository.
  • Fees charged by clearing members vary widely, with some as much as five times greater than others.
  • More than eight out of 10 (84%) of ceos at fund managers expect more chief executives at banks to resign following the scandal involving manipulations of the London interbank offered rate.
  • The European Union has proposed allowing clearers open access to any trading platform.