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◆ 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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  • The Securities and Exchange Commission has voted to propose new rules covering record keeping, reporting and notification requirements for security-based swap dealers and major security-based swap participants.
  • Mariana Capital Markets has hired Yaron Winterstein, an ex-director in credit sales at Bank of America Merrill Lynch in London, to a new role, also in London.
  • The combination of extremely low volatilities in fx and strong risk sentiment from investors has generated a revival in the use of carry trades, according to fx traders and strategists.
  • Robert Pickel, ceo of the International Swaps and Derivatives Association, is set to leave this summer after 17 years at the association.
  • Gregor Hirt, ex-head of multi-asset Europe at Schroders in Zurich, has joined UBS Global Asset Management as GIS chief investment officer, also based in Zurich.
  • The Packaged Retail and Insurance-based Investment Products directive (PRIIPs), which was approved by the European Parliament on Tuesday evening, has been welcomed by the European structured products industry.