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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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  • The scandal involving alleged unauthorized traders by a UBS trader has stoked fears that exemptions in a draft of the Volcker rule in the U.S. Dodd-Frank Act may weaken the measure.
  • Credit Suisse has named Michael Mollemans as head of advanced execution services for its electronic trading platform in Japan.
  • JPMorgan Asset Management has expanded its emerging market debt and fx team with the hiring of Nima Tayebi as portfolio manager.
  • UBS has launched a pair of exchanged-traded notes that offer exposure to companies in the solid-state drive industry: the ETRACs ISE Solid State Drive Index ETN and a leverage counterpart, the 2X Monthly Leveraged ISE ETRCS ISE Solid State Drive Index ETN.
  • Man Group has appointed David Mercurio as head of Asia equity and co-head of global equity strategies in Hong Kong.
  • One of the key shortcomings of the first two Basel Accords is that they approached the solvency of each institution independently.