Top Section/Ad
Top Section/Ad
Most recent
◆ 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
Japanese firm plucks banker from UBS
More articles/Ad
More articles/Ad
More articles
-
Hedge funds took profit on a long stocks, short credit default swaps relative value trade on Monday after Syriza's victory in the Greek election failed to dampen expectations in equities, while the iTraxx wobbled slightly wider.
-
The Financial Stability Oversight Council in the US is changing the classification process for systemically important financial institutions, prompting concern about the government's extended remit over insurance, clearing and other non-financial organisations. With no hard set of rules and procedures for the new classification system yet released, lawyers are concerned that the statute is ambiguous, inherently flawed and opaque. -
Clearing houses should avoid resolution at all costs, according to a recovery framework published by the International Swaps and Derivatives Association on Monday, which said that even when prefunded resources such as member contributions have been exhausted, recovery of a clearing house is always preferable to closure.
-
Recent cash injections by the People's Bank of China (PBoC) have supported lower fixings and light receiving in short-dated CNY swaps. With the 1s/5s NDIRS slope still inverted, there is potential for this week's US Federal Reserve meeting to accelerate a corrective move, writes Deirdre Yeung of Total Derivatives.
-
European credit default swap indices tightened yesterday on news that the European Central Bank would buy €60bn worth of bonds a month until September 2016 or later, with the iTraxx Main closing 3bp tighter at 54.7bp and the Crossover also tightening approximately 3bp to 303.1bp.
-
Hedge funds and asset managers are increasingly turning to short term options and short dated derivatives products as ways of maximising liquidity in an increasingly illiquid market, according to TABB Group.
