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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
◆ 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
SSA
New contracts cannot yet be traded in US
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  • The sovereign wealth funds of Qatar, Bahrain and Dubai are set to buy a USD1.25 billion life settlement bond—a sizeable slug for an oft-touted market that is still fairly illiquid.
  • Rahim Dharamshi, the ex-senior emerging markets equity derivatives trader at Citigroup in London, is set to rejoin JPMorgan in a similar role.
  • A group of centrist Democrats in the House of Representatives is urging lawmakers working on financial reform legislation to drop the derivatives provision crafted by Sen. Blanche Lincoln (D-Ark.).
  • Results of an investigation by the European Union into the role credit default swaps played in Greece’s current crisis reportedly may not be released.
  • Rules set by clearinghouses that favor the largest firms for membership are standing in the way of successful efforts to expand central clearing for over-the-counter derivatives, according to the Swaps and Derivatives Markets Association.
  • The Accountancy and Actuarial Discipline Board of the U.K.’s Financial Reporting Council is investigating Ernst & Young over its audit work for Lehman Brothers Holdings in the U.K.