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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
◆ 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
SSA
New contracts cannot yet be traded in US
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  • BNP Paribas has entered the exchange-traded fund market with its STREAM S&P Dynamic Roll Global Commodities Fund.
  • Republican members of the House of Representatives are looking to cut the proposed USD180 million budget for the U.S. Commodities Futures Trading Commission by USD25 million.
  • Sheila Bair, former chair of the Federal Deposit Insurance Corp., has been named to head the Systemic Risk Council, a private volunteer group formed to monitor regulatory reform of the U.S. capital markets.
  • Bank of America Merrill Lynch has named Patrick Steinemann and Richard Zhan as co-heads of industrial investment banking in Asia.
  • Credit default swap spreads on Spanish sovereign debt widened 10% last week, well above the 4% average for Europe, according to Fitch Solutions.
  • Royal Bank of Canada has hired Gregory Steele as a high-yield U.S. bond trader.