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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
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New contracts cannot yet be traded in US
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  • The Federal Reserve has rejected requests from the financial industry to modify extensions of periods for complying with the Volcker Rule.
  • Citigroup has appointed Antonio Reyes Miras to the new position of global head of electronic execution for listed derivatives.
  • India’s IDBI Mutual Fund plans to invest up to half the net assets of its new IDBI FMP 367 Day Series (February 2011)-B fund in derivatives.
  • Privately-placed arbitrage-driven synthetic structured credit deals have been picking up in Asia with emerging market banks and insurers as some of the most active buyers.
  • Flow in the fx options market has been thin this week, particularly on the euro/U.S. dollar cross. Players have been sidelined waiting for spot to break out of the tight USD1.3550-1.3820 range, where it has been for about two and a half weeks. A break from the range, in the absence of a big political or economic event, would be a driver in bringing players back to the market, said one trader.
  • Werner Langen, European Member of Parliament, has removed reporting requirements for non-financial corporates and also delayed the implementation of clearing for them.