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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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  • Short-dated call purchasing pressure on the euro/U.S. dollar from banks and institutional investors Thursday led to a spike in volatility and a tilt of the risk reversal towards more expensive call options.
  • David Epstein, head of longevity structuring at JPMorgan in London, has left the firm.
  • EFG Financial Products has begun marketing gold denominated express certificates and worst of barrier reverse convertible certificates linked to commodity exposed underlyings.
  • The Singapore Exchange plans to expand its clearing capability for over-the-counter FX derivative financial products in a bid to establish itself as the predominant clearinghouse in the region, according to Hong Kian Liu, v.p. clearing services OTC financials at the exchange.
  • The European Commission’s proposed financial transaction tax for the European Union has been called misguided by financial experts and trade association.
  • Markit Group has pulled its bid for LCH.Clearnet after it failed to receive support of the clearinghouse’s board.