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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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  • ICAP has expressed confidence that European regulators developing derivatives regulations will accept its i-Swap electronic broking platform as a swap execution facility.
  • Total notional volume of over-the-counter derivatives rose 3% in the second half of 2010 to USD601 trillion after shrinking by 4% in the first six months of last year, according to the Bank for International Settlements.
  • Revenues in the 10 largest investment banks fell 5% in the first quarter to USD52 billion, according to Coalition, the London-based consultancy.
  • Investec has hired Chris Babington and Michael Smith for its corporate debt origination team within its capital markets division.
  • U.S. Bankruptcy Judge James Peck of Manhattan has approved Lehman Brothers Holdings’ request to sell its interest in 1271 LLC, a municipal portfolio linked to derivatives issued by Berkshire Hathaway.
  • MF Global Holdings has hired James Kemp as global head of fx.