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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 U.S. Securities and Exchange Commission may have dropped the ball on concerns about collateralized debt obligations after identifying the risks associated with them as far back as 2006, according to documents released by a the Financial Crisis Inquiry Commission.
  • Markit’s recently launched investment-grade benchmark derivative index widened to its highest level since it launched in March.
  • A change of judges has put on hold for nearly two weeks the trial of the city of Milan, Italy against banks that sold derivatives that caused losses to the municpality.
  • Renaissance Capital has named Christopher Carter as global head of equity derivatives, equity finance, convertibles and delta one trading.
  • CIMB Islamic has launched a structured product that complies with Shariah law.
  • Chatter about a potential restructuring of Greek debt in recent weeks had sent markets into a tizzy, but many traders still believe the E.U. will do whatever it takes to avoid a triggering of credit default swaps referencing the nation’s debt. That’s why the CDS are still trading on a running basis, rather than upfront.