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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
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New contracts cannot yet be traded in US
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  • A key task this year for China’s National Association of Financial Market Institutional Investors is the development of better credit risk management tools, said Guanghua Feng, deputy secretary of NAFMII, in a keynote address at Euromoney Seminars’ 7th Annual China Derivatives Summit in Beijing on Thursday.
  • Only around 80 institutions have signed up to the National Association of Financial Market Institutional Investors’ master agreement since its launch last March (DW, 3/18/09).
  • The auction to settle credit default swaps referencing Japanese consumer lender Aiful Corp. should help expand the domestic CDS market as investors got a chance to better understand the instruments.
  • The Securities and Exchange Commission is conducting a review to evaluate derivative use by mutual funds, exchange-traded fund and other investment companies, as earlier reported by Derivatives Week (DW, 1/4).
  • The Senate Agriculture Committee’s draft bill will call for exempting some over-the-counter derivatives from central clearing, according to Sen. Blanche Lincoln (D-Ark.), chairman of the committee panel.
  • A unit of Janus Capital Group has sold a USD153.5 million claim against Lehman Brothers Holdings to Merrill Lynch reportedly for 33 cents on the dollar.