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Wednesday, 29 March 2017

Interest-Rate Derivatives

El Salvador flag

El Salvador makes rare appearance in bond market

21 February 2017

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.

Listed equity swaps gain traction

IFR 2171 18 February to 24 February 2017

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.

Commodity desks prepare for E&P funding bonanza

IFR 2171 18 February to 24 February 2017

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.

Repo dislocations may be new normal - ICMA

IFR 2171 18 February to 24 February 2017

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.

UPDATE 1-Morgan Stanley, JP Morgan Chase hit US market: sources

14 February 2017

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.

CFTC logo

CFTC gives six months' grace on swaps margin rules

14 February 2017

The CFTC has provided six months’ grace for swaps participants to comply with new rules requiring variation margin to be posted against uncleared swaps exposures. Through its latest “no-action” relief, the key US derivatives regulator has moved the effective compliance date for US swaps participants from March 1 to September 1.