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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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  • European investors pulled out EUR21 billion (USD25.8 billion) from equities in the second quarter after putting in EUR3 billion (USD3.68 billion) in the preceding three-month period, apparently over instability in Europe and negative economic news from the U.S. and China.
  • Meteor Asset Management has introduced three structured kick-out products: the Step-Down Defensive Plan August 2012, the Dual Index Kick-Out Plan August 2012 and Triple Index Kick-Out Plan August 2012.
  • NYSE Euronext has named Hiroshi Nomoto to head its sales and client coverage teams for Japan.
  • International regulators have issued interim regulations that will force banks to hold capital against exposures to central counterparties on derivatives trades.
  • End users holding U.S. dollar/China yuan bonus non-deliverable forwards could look to exit the trades if the People’s Bank of China continues to fix the nation’s currency weaker, according to traders and structurers.
  • The Australian Treasury is looking to change the country’s main financial law to enhance its oversight of over-the-counter derivatives.