Interest rate swaps
Banks pitch flexible ‘sunset CSAs’ for pension funds, insurers
New-style contracts allow clients to post government bonds as swap collateral until clearing exemption ends
Banks clamp down on pre-hedging over manipulation fears
Front-running concerns could leave market more exposed to liquidity risk
For a few dollars more: Japan banks tackle dollar/yen basis jump
Soaring cross-currency swap prices force dollar funding rethink
Mandatory EU clearing to start on June 21 for biggest firms
Rules on clearing of interest rate swaps enter EU's official journal
Banks held back e-trading for swaps, new lawsuit alleges
Icap and Tradeweb also named as defendants
Only 4% of Japan swaps have traded electronically
ETP volumes are low despite mandate and participants are worried about regulation's future scope
CFTC parks Sef name give-up issue
"For the time being, we're not taking any action," says Massad
LDI funds cool on zero-coupon swaps as price jumps
Clients complain of six-fold hike after rates volatility hits dealers' par swap hedges
Buy side: central clearing 'a mess' as sell-side dialogue hits 'fever pitch'
Asset managers want to see futurisation of swaps get off the ground in Europe
Citadel shut out of Tradeweb as it makes US Treasury move
Firm is first non-bank on Bloomberg, but primary dealer catch means it cannot join Tradeweb
Competition is saving end-users from euro swaps price hikes
Swap dealers are often described as a cartel; right now, they are not acting like one
Veolia: taking XVAs by the horns
Veolia's Damien Vancraeyneste, on capping costs and challenging banks’ calculations
Hidden price pressures grow in euro swap market
Clients face wider bid/offer spreads, as dealers struggle to find liquid hedges
Brokers defy BlackRock over average pricing on Sefs
"We're lions, not zebras," says Icap's Paulhac
CCP basis driving CME clients to LCH, traders say
LCH sees doubling in client notional, while CME notional halves
CCPs confront cleared swap basis threat
From Japan to Mexico, CCPs are trying to avoid repeat of CME-LCH price disparity
CCP basis and the future of cleared swap pricing
Dealers predict "more granular" pricing for cleared trades, after CME-LCH basis blow-out
CCP basis market takes off – but will buy-side join in?
Dealers are encouraging asset managers to trade CME-LCH swaps
Singapore clearing mandate timed to avoid US/Europe overlap
With sufficient clearing options now available MAS is ready to set out clearing mandate
Japan banks still not pricing CVA into derivatives trades
A loans-focused business model means credit risk mitigation a low priority
CME-LCH basis to persist, say dealers
Banks not convinced by CME plans to lure dealers from LCH.Clearnet
Japan regulators further relax electronic trading mandate
JFSA initially to mandate only three tenors of IRS for platform trading
Profile: UBS on the past and future of fixed income
Swiss bank's fixed-income trading floor is home to two distinct businesses
Tarullo: few signs of illiquidity in OTC markets
Fed governor says markets are in transition