Investors are piling into long-dated equity index call options in anticipation of a “great rotation” from fixed income to equity, which some believe could already be under way despite limited evidence in cash markets.
El Salvador took advantage of strong conditions Tuesday to bring its first international bond to market in more than two years, seeking to extend some short-term debt maturities.
Total Return Futures referencing the EuroStoxx 50 have traded over €1bn notional since their launch in December, putting the instruments on track to become a viable alternative to over-the-counter equity swaps.
Bank commodity desks are gearing up for a new phase of investment by oil exploration companies as prices stabilise around US$55 - a level that brings drilling projects back into profitability.
Europe’s repo market may be entering a “new normal” as a scarcity of high-quality liquid assets and leverage ratio constraints drive extreme volatility in year-end short-term funding rates, the International Capital Market Association has warned.
Here is the pricing progression on the new bond offerings from Morgan Stanley, rated A3/BBB+/A, and JP Morgan Chase, rated A3/A-, expected to price later on Tuesday, according to market sources.