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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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  • Morgan Stanley has recommended ways in which investors could take advantage of the fact that there is no natural seller of protection in the sovereign credit default swap market.
  • The Life & Longevity Markets Association, a U.K. trade association formed yesterday, plans to draft standardized documentation for longevity swaps and structure a benchmark index for those swaps to reference.
  • The Chicago Board of Education has settled its dispute with Lehman Brothers over whether it has to make payments on an open interest-rate swap, according to documents filed in court yesterday.
  • Eurex Clearing is working on ways to clear non-standardized over-the-counter equity derivatives once the European Securities and Markets Authority has been established.
  • Three over-the-counter interest rate traders from Calyon have left the bank in Hong Kong.
  • Stanley Zau, head of Asia-Pacific emerging markets trading at RBC Capital Markets in Hong Kong, left last week.