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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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  • U.S. structured finance transactions using interest and currency swaps could become less economical to issue if proposed rules on clearinghouses come into effect, according to a Standard & Poor's analyst.
  • Barclays Capital has transferred Alain Chanezon, a senior exotic equity derivatives trader in London, to a new role as head of equities and fund structured markets exotics trading in Hong Kong.
  • FX Concepts aimed to profit from the volatility skew in the euro against the U.S. dollar in a trade a few months ago on the back of a spike in market tail-risk hedging strategies earlier this year.
  • Credit default swaps spreads on Berkshire Hathaway have rallied 34% over the past weeks while CDS liquidity has dropped, according to Fitch Solutions.
  • An improved outlook for European sovereigns has helped push average European credit default swap liquidity lower over the past two weeks, according to Fitch Solutions.
  • The U.S. Securities and Exchange Commission has filed fraud charges against two fx traders and their firm, Boston Trading and Research.