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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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  • Andrew Feldstein, ceo and cio of BlueMountain Capital Management, said on the regulation panel at Markit’s OTC derivatives seminar Tuesday that markets need to get used to the idea of certain systemically important and interconnected companies being too big to fail.
  • Neil McPherson has been promoted to global head of structured finance at Markit.
  • Minimum capital requirements for correlation desks should be excluded from upcoming European legislation, according to a draft report by Arlene McCarthy, U.K. member of the European Parliament and vice-chair of Europe’s Economic and Monetary Affairs Committee.
  • Markit will tomorrow launch a synthetic total return swap index in North America referencing the interest-only component of 30-year fixed-rate, un-securitized residential mortgages.
  • Citigroup is recommending investors take a view on fx spot movements and credit spreads while volatility and correlation between the asset classes is still relatively high by historical standards.
  • Dimitri Cleanis, a v.p. in exotic equity derivatives index trading at Citigroup in London, is joining Credit Suisse in a similar role.