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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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  • Credit default swap spreads on Greek sovereign debt widened to a fresh record on concerns that the government’s effort to extend debt maturities will send the country into “selective default.”
  • Natixis has launched the Natixis Euro High Income Fund, managed by fixed-income specialists Philippa Berthelot and Vincent Mario.
  • ING has promoted Mark Pieter de Boer to global head of equity markets, effective June 1.
  • JPMorgan Chase said it plans to increase the size of its debt capital markets team in the Asia-Pacific by 30%.
  • State Street Global Markets has named Craig Butterworth as head of fixed-income sales for Europe, the Middle East and Africa.
  • CBOE Holdings, NYSE Euronext and Nasdaq OMX Group are setting aside their differences to work together against a Securities and Exchange Commission proposal that would cap fees for on-exchange options transactions. The proposal, introduced by the regulator just over a year ago, suggested a USD0.30 per contract cap on transaction fees based the fee cap on Reg NMS stock in place for equities exchanges.