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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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  • The International Swaps and Derivatives Association, the International Capital Markets Association and the Association for Financial Markets in Europe have said in a letter that the U.K. regulator should exercise caution before banning any structured products.
  • Barclays Capital researchers are recommending trades to take advantage of the expected convergence between credit spreads and equity prices and volatility of MGIC Investment, the U.S.’ largest mortgage insurer.
  • EFG Financial Products, the structured products arm of EFG International, has opened a Hong Kong branch, according to the Securities and Futures Commission register.
  • BNP Paribas, acting through its Hong Kong branch, has launched a program for non-capital protected unlisted callable equity-linked contracts for single stocks, according to a filing with the Hong Kong Securities and Futures Commission.
  • BNP Paribas has hired Sebastian Boulan, Michele Backman, Mark Kuhlman, and Stefan Yurica to its equity derivatives desk.
  • Derivatives dealers and investors expect implementation of regulations related to interest rate swaps to take up to two-and-one-half years, far beyond the projected operational date of the end of 2012.