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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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  • Is Australia sticking to type by allowing a market-driven solution to mandatory clearing of over-the-counter derivatives? Or are the findings found in the latest OTC Derivatives Market Reform Considerations report from the Council of Australian Financial Regulators one of the smartest responses from a small-to-mid-sized G20 country yet?
  • Société Générale is recommending selling credit default swaps on Houston, Texas-based energy company Noble Corporation due to better-than-expected earnings and expectations of new debt issuance in the next 12 months.
  • Michael Schmanske, head of index volatility trading at Barclays Capital, is no longer with the firm.
  • Derivatives regulations in both the U.S. and Europe are said to threaten pension schemes’ investment returns as they would be forced to post collateral for over-the-counter trades that are centrally cleared.
  • The European Union’s derivatives regulations will not likely drive business to tax havens, according to Werner Langen, a German member of the European Parliament who steered the legislation.
  • Michel Barnier, the commissioner of financial services for the European Union, has pressured the U.S. regulators to relax swaps regulations for foreign banks and overseas units of U.S. firms.