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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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  • Sen. Jon Tester (D-Mont.) said Gary Gensler should be fired as chairman of the U.S. Commodity Futures Trading Commission over the agency’s handling of the collapse of MF Global last October.
  • BGC Partners has added Mark Brown, Jeremy Stoler, N. Dante LaRocca and John Tesoriero, debt and equity capital markets professionals, to its BGC/Newmark Grubb Knight Frank commercial real estate unit.
  • Bank of America Merrill Lynch has named Alexis de Rosnay as co-head of healthcare investment banking with Joe Kohls.
  • CBOE Futures Exchange has announced plans to launch trading on the CBOE NASDAQ-100 Volatility Index futures contract beginning May 23, pending regulatory approval.
  • JPMorgan Chase has suspended stock repurchases as it grapples with its derivatives losses. It will resume buying shares once it replenishes it capital, according to CEO Jamie Dimon.
  • More than nine out of 10 (92%) U.K. investment bankers have seen their base pay frozen over the past year,