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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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  • BNY Mellon has appointed Wim Hautekiet to succeed Paul Bodart as ceo of the Bank of New York Mellon, its European banking entity.
  • Urs Rohner, president of Credit Suisse, said the bank has no plans to sell its investment-bank units.
  • Credit default swaps spreads on Spanish sovereign debt widened 31 basis points to a record 636 bps because of investor concern over whether the recently approved bailout will ease the country’s problems.
  • The Stock Exchange of Thailand and Korea Exchange have entered into an agreement to upgrades clearing and settlement systems.
  • Two sizeable one touches on the euro/U.S. dollar that were due to expire Aug. 1 and Aug. 10 had their barriers hit, triggering payouts.
  • Credit Suisse is advising investors to purchase a one-month 0.5% out of-the-money euro put versus buying a call against a basket made up of Russian ruble, Indian rupee and Brazilian real.