Derivs - Credit

Recent troubles at Lending Club have only compounded risk in the peer-to-peer credit market.

JP Morgan and Société Générale both picked up awards at the GlobalCapital Bond Awards 2016 on Wednesday for providing derivative solutions to borrowers.

Brent and WTI oil futures have risen to above $50 for the first time since November and July respectively, amid bullish short term positioning by aggressive managers and supportive supply data this week. But while traders called this a ‘psychological’ level for the commodity, physical markets are still sounding a note of caution.

Intercontinental Exchange has promoted a long-serving senior official at the firm to chief technology officer.

Axa’s decision to quit tobacco investments is a watershed moment for ethical investment and its influence will be felt in capital markets — although others may be slow to kick the habit.

Replenishing the default fund of a failed central counterparty (CCP) and addressing single point of entry at its holding company are some of the biggest challenges regulators face in developing a resolution framework for systemically important CCPs, according to a report by the Clearing House and the International Swaps and Derivatives Association.

An auction to settle Norske Skog credit default swaps will take place in June, after ISDA’s determinations ommittee agreed to an initial list of deliverables for the restructuring credit event — despite not having been able to gain access to a crucial document governing the terms of the firm’s guaranteed bonds.

Leaving the EU would harm the UK, Europe and the capital markets of both. There. We’ve said it even if you won't.

Idiosyncratic risk in the European corporate hybrid bond sector has caused new issuance to stall and credit spreads to rise.

The futures-implied probability of a US rate hike in June surged this week after hints by Federal Reserve officials.

Plans to settle Norske Skog credit default swaps by auction were still at an impasse on Thursday, after ISDA’s EMEA Determinations Committee was unable to find crucial paperwork despite meeting three times this week.

The prospect of the UK voting to leave the European Union has become the foremost focus of fund managers and volatility traders, even as the latest poll on Brexit gave the ‘Remain’ campaign an 18 point lead over ‘Leave’ — prompting the pound to rally to its highest point against the dollar since May 3.