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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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  • European pension funds are considering stepped-up currency hedging strategies to tackle increased exposure to fx movements, according to a survey of 1,500 public and private funds across 11 countries conducted by Mercer Investing Consulting.
  • UBS has hired Nicholas Smithie as its global emerging markets strategist.
  • Sam Watkins, head of retail structured product sales for Australia and New Zealand at Credit Suisse, left the bank last week.
  • Royal Bank of Scotland is pushing calendar spread trades to position for what the bank is forecasting will be a gradual appreciation of the yuan against the U.S. dollar in six to 12 months time.
  • The NASDAQ OMX Group has launched a portfolio manager app for the iPad. It allows users to build a portfolio and watch list using real-time stock price data for U.S., Nordic and Baltic stocks.
  • Afaq Khan, ceo of Standard Chartered Bank’s Saadiq unit said today that while they see opportunity in Islamic derivatives products, they will avoid hedge funds, a gray area of sharia-compliant finance.