Pre-migration untagged articles

Dealers of private EMTNs: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, GSE issuers, self-led deals and issues with a term of less than 365 days.

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The US Treasury this week said the OTC derivatives market is to face much greater regulatory oversight. Although much of what was said is not new, certain aspects of the Obama administration’s objectives are likely to cause disquiet to the industry.

KfW and Rabobank ranged across the niche markets this week, as momentum grew in retail currencies and the variety of credits acceptable to non-core dollar investors broadened.

Five issues totalling Eu6.5bn made this week the busiest in the covered bond market since May 2008, as the European Central Bank’s announcement last Thursday (May 7) that it would buy up to Eu60bn of covered bonds boosted the asset class faster and more spectacularly than anyone had expected.

The EuroWeek bond dinner on Wednesday was a moving event. Rory Bremner began his act with the stirring observation that "it’s great to be here, able to pay tribute to a group of people whose efforts normally go completely unrewarded."

Update: Bank of England’s APF buys £50m of CP The Bank of England said on Friday it bought £174m of commercial paper in the week to May 14 through its asset purchase facility. The total CP held by the facility went from £2.015bn the previous week to £2.209bn. Last week, the facility bought £50m of CP, but in the previous week it did not buy any, the first time no issuers or investors had sold paper to the fund since the facility was launched on February 13.

Westfälische Landschaft Bodenkreditbank on Wednesday launched the first jumbo Pfandbrief since mid-March, a Eu1.25bn five and a half year deal that attracted the biggest order book for a German benchmark this year despite its punchy pricing.

Barclays Capital last week closed the Fluid 2009-1A collateralized loan obligation, which has a $1.33 billion class A piece and $4 billion in subordinated bonds.

Chrysler filed for bankruptcy April 30, but as of press time no entities with credit default swap positions on the name had submitted the case to the International Swaps and Derivatives Association's credit determinations committee as a credit event.

Collateralized loan obligation managers are considering AAA collateralized loan obligations funds.