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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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  • Hugh Murray, head of Asia equity derivatives trading for Nomura in Hong Kong, left three weeks ago for reasons that could not be determined.
  • A recent decision by a Hong Kong court to dismiss a challenge on regulatory decision making relating to banks repurchasing Lehman Brothers’ minibonds in 2009 has frustrated lawyers who were keen to see more clarity on the matter.
  • James Gorman, ceo of Morgan Stanley, said there was no substance to reports that federal prosecutors were investigating the investment bank over collateralized debt obligations it sold.
  • NYSE Euronext has announced plans to build two new clearing houses for securities and derivatives in London and Paris, a move that will result in the termination of its current relationship with LCH.Clearnet when its contract expires in 2012.
  • Goldman Sachs and Morgan Stanley may be able to dodge a proposed ban on proprietary trading if they stop functioning as bank holding companies.
  • Institutional trading of interest rate swaps climbed more than 71% in the first four months of 2010, compared with the same period a year earlier, according to Tradeweb.