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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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  • Markit is preparing a tradable cash bond index that would track the most liquid investment grade corporate bonds in North America. The firm is working with multiple market makers on the project but a timeframe for launch could not be determined.
  • Politicians in the European Parliament’s Economic and Monetary Affairs Committee are at odds over whether bank stakes in clearing houses should be capped or abolished.
  • Andrew Scherr, a director in fund-linked derivatives at Nomura in New York, left the firm within the last few weeks.
  • Sigurbjorn Thorkelsson, head of Asia Pacific equities for Nomura in Hong Kong, reportedly resigned from his post this morning.
  • Standard Chartered has formed a warrants group in Hong Kong and is targeting its first issue in May, pending a license from the Hong Kong Stock Exchange.
  • Rep. Collin Peterson (D-Minn.), chairman of the House Agriculture Committee, said he is willing to close a loophole in the financial reform bill his committee crafted that would exempt certain end-users from trading standardized derivatives on exchanges.