Trump deregulation push boosts appeal of swap spread wideners in bond market
  • March 4, 2025

Trump deregulation push boosts appeal of swap spread wideners in bond market

NEW YORK (Reuters) -A potential move by the Federal Reserve to ease regulations on capital for U.S. banks that would allow them to hold more Treasury securities has unleashed a torrent of so-called swap spread wideners in the bond market. These are bets that increase demand for U.S. Treasuries that will push their yields lower and closer to those of a competing class of risk-free assets called interest rate swaps. The trade has become popular since the November 5 U.S. election on expectations President Donald Trump's administration will push through deregulation, particularly making capital adequacy rules less restrictive for banks.

Hershey says ICE cocoa futures market is disconnected from reality
  • March 4, 2025

Hershey says ICE cocoa futures market is disconnected from reality

NEW YORK (Reuters) -Chocolate maker Hershey Co said the ICE New York cocoa futures market is currently disconnected from the reality of the global physical market due to exchange actions that have reduced liquidity and increased volatility. Tricia Brannigan, Hershey's vice president for procurement, told Reuters on Tuesday that high margin calls on ICE's cocoa futures market drove commercial players away, reducing open interest and causing sharp price swings. ICE cocoa futures prices in New York and London have fluctuated wildly in recent months after hitting record highs in both markets late last year due to production problems in Africa.

NYSE President Martin Sees ‘More Normal’ IPO Market In 2025
  • March 4, 2025

NYSE President Martin Sees ‘More Normal’ IPO Market In 2025

(Bloomberg) -- The market for US initial public offerings should look a lot more like the years prior to the pandemic-fueled boom, according to the head of the New York Stock Exchange.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkUS Tent Facility is Holding Migrant Families Longer Than RecommendedNYC’s Finances Are Sinking With Gauge Falling to 11-Ye