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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
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New contracts cannot yet be traded in US
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  • Société Générale is advising investors to enter into EUR two-five year bull flatteners through short expiry receivers.
  • Daniel Mitchell, an ex-emerging markets fx options trader at the Royal Bank of Scotland in London, is joining Citigroup in a similar role in London.
  • JPMorgan has hired James Gething, an ex-fx options trader at the Royal Bank of Scotland in London, as co-head of fx options trading for Central & Eastern Europe, Middle East and Africa, also in London.
  • Jonathan Powell, an ex-fx options trader at Barclays in London, is set to join Goldman Sachs in a similar role, according to an official familiar with the move.
  • Tim Hawkins, a senior euro interest rates swap trader at Morgan Stanley in London, is set to join Bank of America Merrill Lynch as a director and head of gilts trading, also in London.
  • U.K. media mogul Richard Desmond has sued Credit Suisse, charging the Swiss bank with allegedly misrepresenting the riskiness of GBP50 million (USD78.47 million) in derivatives it sold him.