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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
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New contracts cannot yet be traded in US
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  • Institutional investors in Japan have been unwinding calls and futures on the Nikkei 225, following the recent election that gave the ruling party control of the Upper House.
  • Bank Indonesia plans to regularly hold fx swap auctions in a bid to ensure investors there have greater access to fx swaps as hedging tools as more investment capital enters the country.
  • Sascha Prinz, managing director of U.S. swaps and treasuries trading, at Bank of America Merrill Lynch in London, has left the firm.
  • Jefferies has made a number of credit hires in London. The firm has tapped Dale Hogan, an ex-high yield credit trader at BNP Paribas in London. Nick Wood, director and financials cash trader at Morgan Stanley in London and George Mavridoglou, a credit trader a RBS in London are also reportedly joining later this year.
  • Volatility on the iTraxx Main collapsed last week as real money investors used payer spreads funded by receivers to set up short volatility hedges.
  • Investors should look at buying December worst-of calls on a basket of Chinese financial equity with a 105% strike, as those stocks will likely benefit from any government stimulus of the economy.