United States

BorgWarner, the US car engine and drivetrain maker, furthered the return of reverse Yankee bonds to Europe's corporate market on Monday, by issuing a €500m seven year no-grow deal.

The former chief executive officer of clearing house LCH.Clearnet has become CEO of a risk solutions firm as it launches a platform for margining bilateral non-cleared, over-the-counter derivatives trades

BNP Paribas’ former co-head of fixed income has resurfaced at New York headquartered M&A advisory shop Foros as a senior advisor.

CME Group has signed a data agreement with non-profit technology firm FinTech Sandbox to provide start-up businesses with free access to historical futures and options data.

Two SSA issuers kept it short and sweet in dollars during a fairly quiet market on Monday. One has opted for a long three year floater and the other a fixed rate 2017.

FIG bankers breathed a sigh of relief at the US Federal Reserve’s proposal, released last Wednesday, for implementing Total Loss Absorbing Capacity (TLAC) rules for US Global Systemically Important Banks (G-SIBs), which is seen as less severe than may had anticipated. But the rule as proposed could damage secondary market liquidity.

Swiss insurer Ace Group printed the US market's biggest insurance deal of the year with a $5.3bn four trancher to help finance its $28.3bn acquisition of Chubb.

Abysmal quarterly earnings from Shell and other producers have left traders in oil futures trying to gauge whether the worst is over.

Procter & Gamble, the US consumer goods company, brought a €1.25bn bond issue to the European market on Tuesday, bringing life to an otherwise moribund reverse Yankee market.

Microsoft led a stampede by high grade borrowers to the dollar bond market this week as the latest Fed meeting pointed to the chance that it may raise rates in December.

As overall credit market liquidity has eroded, total return swaps (TRS) are providing an alternative for market participants to access or hedge their corporate bond exposure, according to financial information services provider Markit.

The US Federal Reserve this week appeared to move closer to raising its key policy rate in December but the shift in tone drew little reaction from options and futures markets.