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SSA People and Markets

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Funding veteran bows out after four decades at the Canadian agency
Former MDB sustainable finance expert joins as HSBC rebuilds sustainability leadership
New methodology follows headroom created by S&P revision last year
EU’s new real time price feed could be nice to have, but market participants are not sure it’s essential
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  • JP Morgan has announced internal promotions in its rates trading business, following the retirement of Carl Norrey, who ran the firm’s SSA business, straddling origination and trading.
  • OpenDoor Trading has hired a former Bank of America Merrill Lynch sales head as president as it prepares to launch a trading platform aimed at improving liquidity in off-the-run US treasuries and treasury inflation protected securities (TIPS).
  • The People’s Bank of China (PBoC) is likely to issue its planned onshore bond denominated in special drawing rights (SDR) as a multi-currency structured note, according to industry participants.
  • Banks are refusing to comment publicly on the UK’s referendum on leaving the EU, for fear of being sued and angering people on the other side of the debate — despite the potentially grave consequences of the vote.
  • The Boston Retirement System (BRS) is suing five banks and four traders for allegedly conspiring to manipulate bid-ask spreads on SSA debt traded in the secondary market, increasing their profit at the expense of their clients.
  • SSA
    The futures-implied probability of a US rate hike in June surged this week after hints by Federal Reserve officials.