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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
SSA
New contracts cannot yet be traded in US
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  • The U.K.’s Financial Services Authority said it may investigate banks for allegedly mis-selling interest-rate swaps after a media outlet provided information about such activity to small businesses.
  • ICAP’s Traiana unit has signed up Citigroup, Bank of America Merrill Lynch, Deutsche Bank, JPMorgan Chase, Morgan Stanley and UBS to its Harmony CCP Connect clearing service, giving it a leg up on its rivals.
  • Roughly one-third of structured-finance securities were downgraded in 2011, compared with only 3% that were upgraded, according to Fitch Ratings.
  • Goldman Sachs is considering a move into monoline insurance as a way of expanding its business in the wake of regulations that would ban it from proprietary trading.
  • Pimco and Source, the exchange-traded fund provider, have teamed up to launch the Pimco Short-Term High Yield Corporate Bond Index Source ETF, which will track the Bank of America Merrill Lynch 0-5 Year U.S. High Yield Constrained Index.
  • Online fx trading firm OANDA has added contracts for difference to its trading platform.