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The US two-year yield, which had been trading above the central bank's current ceiling of 3.75% amid the war-related surge in oil, once again dipped backed below it as crude receded.
Until 2008, the roughly two dozen "primary dealers" designated by the Federal Reserve Bank of New York had a virtual stranglehold on the distribution of new US government debt.
Barretto will be responsible for building out MUFG’s ABS trading platform, with a specific focus on expanding the firm's esoteric business and market share.
The Secured Overnight Financing Rate has benefited — amid the phaseout of Libor — from positive comments by regulators. Is a multirate environment, which some banks would prefer, still possible?
Alastair Borthwick, the president of global commercial banking, will succeed Paul Donofrio, who is transitioning to a new role as head of sustainable finance. The company also appointed three women to its executive leadership team.
