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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
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New contracts cannot yet be traded in US
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  • Pramod Kumar is said to have left his position as managing director at Citigroup India’s investment banking unit to join rival Barclays Capital.
  • Credit Suisse is looking at setting up a cash and derivatives inflation trading desk in Singapore within a year in response to global investor demand for the high yields in that market.
  • Nomura is considering launching a click ’n trade platform for structured products, an electronic interface that allows private banks and securities firms to input preferences for a structured product and get a price.
  • Regulators and industry officials should collaborate to create global identifiers for over-the-counter derivatives counterparties and an international product classification system, according to a consultative report by the Committee on Payment and Settlement Systems and the Technical Committee of the International Organization of Securities Commissions.
  • Law firm Clifford Chance has expanded its derivatives and structured finance practice in Australia, hiring a former professional away from HSBC.
  • A U.S. bank picked up approximately USD350 million in risk reversals on the U.S. dollar/Japanese yen cross maturing in two years this morning, likely in preparation for the signal of a third round of quantitative easing by the Federal Reserve this Friday at its annual symposium in Jackson Hole, Wyo.