TOKYO, Feb 21- Japanese government bonds inched lower on Friday, with market participants hesitant to take new positions after losses in U.S. Treasuries the day before and ahead of hefty corporate bond issuance. JGB futures ended the morning session at 145.10, down 0.02 point.» Read More
LONDON, Sept 19- The world's top swaps trade body, whose ISDAfix benchmark is being investigated by regulators on both sides of the Atlantic for possible manipulation, is to reform the market yardstick next year. ISDAfix is overseen by the International Swaps and Derivatives Association and based on a poll of banks.
Sept 18- CME Group Inc, the biggest U.S. futures market operator, has applied with the Commodity Futures Trading Commission to register as a swap execution facility, an exchange-like platform created as a result of the global crackdown on the derivatives that helped bring the 2007-2008 credit crisis.
Treasury 10- year note gained late Sunday after Lawrence Summers withdrew his candidacy for chairman of the Federal Reserve, as investors bet his exit could mean a slower tapering of monetary stimulus by the U.S. central bank.
Warren Buffett famously referred to derivatives as "financial weapons of mass destruction," but unless we accept that residential mortgages are too, the phrase glorifies them into something they are not.
Clever finance critters are fleeing from swaps to futures, escaping the new regulatory regime that was a center-piece of Dodd-Frank.
After the unveiling of Libor rate-rigging practices among banks, eyes are turning to other markets, worrying that the manipulation would not be limited to Libor rates, the New York Times reports.
Hundreds of employees at big firms, some part of special teams, will be on standby this Sunday, awaiting the results of Greece’s pivotal election. The New York Times reports.
Conflicting signs are emerging in Washington over whether JPMorgan Chase’s surprise trading loss will spur tighter regulation on Wall Street, The New York Times reports.
JPMorgan’s next move depends on what happens in the credit markets. If investors become fearful about companies’ prospects , JPMorgan’s bet could face even bigger losses, The New York Times reports.
The triggering of insurance payments on Greek sovereign debt should be a "non-issue" for the markets, as they will happen in an orderly fashion, a representative of the International Swaps and Derivatives Association (ISDA) told CNBC on Monday.
The financial system could face a test this week as industry officials debate a provision of the Greek bailout, the New York Times reports.
Interest rate swaps are derivative instruments commonly used by sophisticated investors to allow cash flows on interest-earning securities or loans to be exchanged. CNBC explains.
Bankers believe that an additional disclosure requirement, relating to previously unpublished details of banks’ credit exposures, could trigger approaches for credit portfolios from specialist buyers. The FT reports.
The Securities and Exchange Commission is investigating Merrill Lynch’s sale of a complex mortgage-related security it created for Magnetar, an Illinois hedge fund, and the collateral manager involved in the deal. The FT reports.
Conflicts of interest, excessive risk-taking and failures of government oversight triggered the financial crisis and helped push the country into the deepest recession since the Great Depression, concludes a new report by the U.S. Senate.