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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 Commodity Futures Trading Commission has yet to approve a request, filed in January, from the Chicago Mercantile Exchange to begin trading futures on the S&P 500 Dividend Index.
  • UBS has begun trading three-year notes on its algorithmic, proprietary UBS V10 Currency Index with Volatility Cap.
  • Officials from Deutsche Bank and JPMorgan defended the use of sovereign credit default swaps by market makers and end-users.
  • Industry officials have warned lawmakers that requiring mandatory interoperability between clearing houses could create contagion risks in the market, something regulators and firms are striving to avoid.
  • UBS has hired Tom Regazzi as head of U.S. delta one trading. The delta one platform is a combination derivatives, cash and prime brokerage, and predominately serves hedge funds and institutional clients.
  • Non-financial corporates could be forced to cut staff if they are not exempted from over-the-counter derivatives and capital requirement regulations in Europe, corporate treasurers are warning lawmakers.