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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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  • Democrat members of the House of Representatives have criticized a Republican-led measure to delay implementation of derivatives regulations 18 months to the end of 2012.
  • Credit default swap spreads on Greek sovereign debt narrowed on reports that the country is close to an agreement for additional loans from the European Union and International Monetary Fund.
  • The U.S. Securities and Exchange Commission has launched an investigation into State Street’s fx trading on behalf of pension funds, according to the firm’s regulatory filing with the SEC.
  • Baring Asset Management has named Wilfred Sit to the new position of cio of Baring Asset Management Asia and head of its equity team.
  • Italian police have seized EUR17 million (USD24 million) of asst from BNL, a local unit of France’s BNP Paribas, as they continue their inquiry into derivatives sold to local government.
  • The International Swaps and Derivatives Association Rates Steering Committee has selected the Deposit Trust & Clearing Corp. to serve as interest-rate trade repository.