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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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  • Marcie Ball and David Coloretti, directors of fx hedge fund sales in Asia at Barclays Capital, have left the bank.
  • Royal Bank of Scotland this morning launched a three-month knock-in reverse convertible on McMoRan Exploration Co. stock. The note pays a fixed coupon of 4.3125% at maturity unless the stock falls below a certain price.
  • CME Group and other exchanges have warned the federal government not to force more derivative products through their clearing facilities than is appropriate.
  • Senate Republicans have said they will not support a Democratic-only backed bill to reform financial services because it institutionalizes future taxpayer bailouts of Wall Street firms.
  • U.S. Bankruptcy Judge James Peck of the New York has granted Lehman Brothers Holdings’ court-appointed examiner permission to release the unredacted portion of his report on the collapsed firm.
  • The Americans for Tax Reform has urged senators to vote against the financial reform bill introduced by Sen. Chris Dodd (D-Conn.), especially regulations proposed to oversee the over-the-counter derivative market.