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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
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SSA
New contracts cannot yet be traded in US
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  • Structured products that allow investors to profit from the depreciation of developed currencies against gold, as well as the direction of the underlyings within the product, have spiked in recent weeks according to asset managers.
  • Carefully worded public statements that skate around the heart of controversial issues have been the norm for some U.S. industry associations and lobbying groups.
  • Jon Corzine has resigned as ceo of MF Global and all other positions he held with the broker-dealer.
  • The announcement following the E.U. summit last week raised the stock for European policymakers. They had proved that they could work together, despite their differences, to form a cohesive and comprehensive plan to address the risks to the European financial system stemming from the debt-laden peripherals.
  • The International Swaps and Derivatives Association’s Collateral Steering Committee has proposed rolling out a new standard credit support annex to improve standardization in the over-the-counter derivatives market.
  • IntercontinentalExchange said it is looking for a “bulk transfer” of customer accounts from MF Global to other clearinghouses.