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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
SSA
New contracts cannot yet be traded in US
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  • The issuance of structured products through a trust vehicle could be challenging for firms following the formal adoption of the Volcker Rule last month, according to lawyers.
  • Global sovereign credit default swap spreads tightened 9.5% in the fourth quarter of last year while stocks continued to rally, according to a report published by S&P Capital IQ on Wednesday.
  • Leland Lim, co-head of Asia Pacific macro trading at Goldman Sachs, will leave the firm next week, with plans to launch a global macro fund in Hong Kong later this year.
  • Ross Gregory, Korea head at Macquarie Securities in Seoul, has left the firm.
  • RBC Capital Markets has hired Jonathan Russo, the former head of equity and fund derivatives structuring, Americas, at Calyon in New York, in a similar role, also in New York.
  • A survey by the International Swaps and Derivatives Association has found that cross-border trading relationships have broken down since the Commodity Futures Trading Commission’s swap execution facility mandate came into force on Oct. 2, 2013.