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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
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
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  • Global high-yield issuance is expected to slow in the second half of 2012 amid an uncertain macro environment and a reduced need for companies to refinance.
  • Citigroup has reassigned former proprietary trader Ramakrishna Putcha to be co-portfolio manager of an estimated USD200 million internal credit hedge fund in its Citi Capital Advisors unit.
  • Deutsche Bank has hired Piers Murray as global head of fixed income prime brokerage in its markets clearing business, beginning in September.
  • Pricing differences on quanto credit default swaps that pay out in euros are creating opportunities for investors to hedge their currency and sovereign credit exposure, according to Jochen Felsenheimer, managing director at Assenagon Capital Management.
  • CME Clearing Europe is implementing tri-party and quad-party collateral arrangements in preparation of an increase in collateralization requirements as over-the-counter derivatives become mandated for clearing.
  • Moody’s Investors Service is seeking industry feedback on proposed changes to the way it assesses swap and bank counterparty risk in securitizations, as market officials warn the shrinking pool of eligible counterparties threatens a ratings squeeze on many securitized tranches.