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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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  • 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.
  • Todd Steinberg is said to have quit as global derivatives head at Macquarie Group just 18 months after joining the Australian firm, as first reported by Derivatives Intelligence.