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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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  • Hong Kong regulators are expected to ditch the originate-or-execute booking model for mandatory central clearing when findings from the recent consultation on the new rules are released at the end of the month.
  • Merrill Lynch has agreed to pay a $500,000 fine to settle claims that it failed to have effective supervision of its total return swaps business.
  • Large inflows into VIX-related exchange-traded products are amplifying distortions in VIX short-term futures prices, and market participants are pitching ways to take advantage and wondering whether the distortion might become a problem.
  • Starting tomorrow, Greece will no longer be a part of Markit’s Western European sovereign credit default swap index, known as the SovX, since the International Swaps and Derivatives Association’s determinations committee declared last week that the country had a credit event.
  • Cleartrade Exchange has launched its Cleartrade Market Data Service, which aims to provide a combination of over-the-counter swaps-related market data to be distributed by the major data vendors to banks, trading organizations, brokerages and analysts.
  • Finance ministers of nine member states of the European Union, including Germany, have sent a letter to the current E.U. President from Denmark to introduce a transaction tax on derivatives, currencies, stocks and bonds.