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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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  • Macro-hedge funds have been picking up short term put spreads on the Chicago Board Options Exchange Volatility Index over the past week, taking a view equities have been oversold during recent political and economic crises in Europe and the U.S. and are soon to bounce back.
  • Citigroup strategists are advising clients to enter curve flattening trades on the iTraxx Crossover index as they expect the steepness of the curve to diminish.
  • Credit Suisse ranked first in the European equity investors market in terms of vote share in institutional commissions, according Greenwich Associates.
  • Robert Reid and Andrew Brogden, said to be the driving forces behind Investec Structured Products, have left their respective positions as head of equities and head of equity derivatives.
  • MTS, the London Stock Exchange’s electronic fixed-income dealing unit, is planning to introduce a platform to trade credit swaps, according to CEO Jack Jeffery.
  • U.S. subprime credit default swap prices last month recovered most of the losses they recorded in June as a result of the poor performance of the Maiden Lane auctions, according to Fitch Ratings.