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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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  • Reform of over-the-counter derivatives markets globally are having a “profound impact” on how derivatives are used, raising challenging questions for sovereign institutions, according to a report from BNY Mellon.
  • ProShares announced that its new ProShares UltraPro Short Financial ETF, which debuts July 12, will invest in derivatives, including swap agreements.
  • The Senate Banking Committee has begun looking into allegedly manipulation of the London interbank offered rate with a focus on what U.S. regulators may have known about the matter as far back as 2007.
  • Credit Suisse has named Nicole Yuen as managing director and head of equities for Greater China.
  • Interdealer-broker ICAP has introduced new dealing rules for its EBS fx trading platform, aimed at preventing high-frequency traders from distorting prices.
  • JPMorgan Chase is expected to claw back millions of dollars in stock from the staff of the London-based chief investment office, which was responsible for the bank’s massive losses from derivatives earlier this year.