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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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  • There are no novel regulatory rules being prepared in Brazil, according to Sergio Odilon dos Anjos, head of the financial system regulation department at the Central Bank of Brazil.
  • Brazilian corporations are wary of changes to the financial operations tax (IOF) in the country, despite being given a reprieve from the tax on foreign exchange derivatives used to hedge exporting exposures.
  • Hedge funds and credit valuation adjustment desks have been buying quanto credit default swaps, which are denominated in euros but pay out in U.S. dollars, on Spain as a basis play because of a larger payout in the greenback.
  • Morrison & Foerster has hired three new partners to its Capital Markets Group focusing on structured finance.
  • Major global banks, notably JPMorgan Chase, are testing investor interest in the trade finance equivalent of collateralized debt obligations as a way of boosting their lending capacity in the face of stricter regulations.
  • Regulators should write rules for unwinding failed clearinghouses, according to derivatives experts at an over-the-counter derivatives conference at the Federal Reserve Bank of Chicago.