Derivs - Credit

Ben Bernanke came to the rescue of risk assets after he indicated that monetary policy would stay highly accommodative for the foreseeable future.

Barclays is recommending duration-neutral 10v2 flatteners in cross-currency swaps to position for a further depreciation in the Turkish lira, which could lead to a further flattening in the CCS curve.

The U.S. and E.U. regulator deal announced today stating their mutual understanding on cross-border derivatives rules should help protect firms from overlapping regulatory requirements and increased costs.

Deutsche Asset & Wealth Management has launched the first synthetic exchange-traded fund tracking Indonesian rupiah-denominated Indonesian sovereign bonds on the Singapore Exchange.

Investor demand for delta one products is spiking globally.

The Royal Bank of Scotland in Japan will retain the ability to structure hybrid structured products that reference equity and fixed income, such as dual range accruals, despite the firm’s recent announcement to move out of equity.

Investors should closely asses tracking error when hedging their bond portfolios on iTraxx indices, according to a report from strategists at Bank of America Merrill Lynch.

Dexia Crédit Local priced a €1.5bn three year bond guaranteed by three governments this week, after drawing interest from buyers of public sector to covered bonds.

Derivatives Week is unveiling its Global Derivative Award winners in two stages this year. First up are the winners of the Global Derivatives Editorial Awards determined by the editorial team. The winners of the bank, interdealer broker and law firm awards will be decided by the results of the Global Derivatives Survey. The survey runs until July 22 for the bank and law firms, and runs until July 29 for the interdealer brokers.

Hedge funds are taking profits from long iTraxx Crossover, short DAX plays.

“The crisis in Europe is over,” declared French President François Hollande last month during a visit to Japan. But it appears that EU politicians may be once again guilty of complacency after Portugal reminded the world that the crisis was dormant, rather than extinct.

Transparency will be the key to luring investors into Basel III-compliant Indian bank debt. Now that the buyside is on heightened alert, sweeping risky components under the carpet will only backfire on issuers.