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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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  • ING Bank has launched five-year, worst-of memory coupon notes that offer a potential 46% return depending on the performance of three underlying indices.
  • Derivative users and industry groups in Europe have voiced their opposition for the so-called systemic internalizer regime to be adapted and applied to the trading of over-the-counter derivatives.
  • Mike Wilson, a managing director in institutional structured product sales for the U.K. and Ireland at Société Générale in London, has joined JP Morgan in a similar role.
  • Amias Berman & Co., a fixed income advisory, origination and brokerage firm, has hired Michael Ridley, a former director in credit research at Citigroup in London, as a senior credit salesman.
  • A Commodity Futures Trading Commission plan to have derivatives clearing organizations and designated contract markets come back online the same day as a major disaster may be too rigid, according to R. Trabue Bland, v.p. of regulatory affairs and assistant general counsel for the IntercontinentalExchange.
  • Issuers of collateralized debt obligations turned out to be the biggest buyers of CDOs during the boom years prior to the crisis, according to ProPublica.