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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 U.K. Financial Services Authority, H.M. Treasury and the Bank of England have given their support to a global framework for reporting information on derivatives to trade repositories, arguing that this would avoid regulatory arbitrage and data fragmentation.
  • The International Swaps and Derivatives Association is preparing standardized documents for first-to-default-swaps and nth-to-default swaps, which market participants say will cut down the times to trade the swaps and make it possible for trades to be confirmed in a repository.
  • Société Générale has hired Alex Tan to head up its emerging markets interest rates trading desk, say people with knowledge of the move.
  • John-Paul Booth, managing director and head of equity structured product sales for the U.K. at Credit Suisse in London, is set to leave the firm at the end of August.
  • The Conference Board has issued guidance for directors of public companies on how to deal with investors that may be using cash-settled derivatives to accumulate undisclosed equity stakes.
  • The Korea Financial Investment Association reportedly is planning to launch a credit default swaps index tracking the performance of the country’s corporate bonds.