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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 Singapore Exchange is looking to refine how its central counterparty operates during a default. The exchange is proposing changes to improve the auction process for managing a default.
  • South Korea’s tax regime is disadvantaging local issuers of synthetic exchange-traded funds, as ETFs listed offshore and invested in by Korean investors are not subject to the country’s full range of taxation.
  • The move by NASDAQ OMX to begin pricing structured notes and certificates of deposits has been met with concern prices may not be reflective of actual value.
  • Ireland took a big step towards fiscal normality after it announced that it would make a clean exit from its E.U. bailout.
  • Investors should look at buying three-month risk-reversals on the U.S. dollar against the Chilean peso with a knock-out in order to position for a retracement in the Latin American currency, according to strategists at Deutsche Bank.
  • Hedge funds are bearish Dec-13 VIX futures to play lower volatility into year-end, while also entering into VIX March-14 calls to position for higher volatility in March, according to market officials.