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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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  • Beat Von Gunten, the ex-global head of JPMorgan’s structured investments distributor marketing division in London, has joined Royal Bank of Scotland in a newly-created role.
  • HSBC Bank Australia has appointed Gavin Powell as the firm’s head of global markets for the country.
  • A range of players have been shorting and hedging exposure to Irish government bonds ahead of a government debt auction.
  • The hiring of key personnel in Europe by the Depository Trust & Clearing Corp. has fueled speculation that the U.S. post-trade firm intends to expands its European presence.
  • The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission have jointly issued a request for comment on proposed definitions for swap terms for the over-the-counter derivatives market, which they both will now regulate.
  • The Technical Committee of the International Organization of Securities Commissions has issued proposed principles for high-speed traders regarding direct electronic access, information flow and adequate systems and controls.