Bonds - GBP
GBPi/Swaps: Macro sell-off; Area 51; Brexit & liquidity
Macro factors saw 10y yields rise, while in linkerland traders were distracted by syndication meetings. Swap liquidity is under scrutiny post-Brexit.
Basis: EUR on back foot as USD supply takes over
With the ECB meeting stopping traffic and the SURE supply lurking, USD seized the opportunity to corner most of the cross-border market today.
GBP Swaps: Mixed reviews of syndi as 5y blossoms
Today's eagerly-awaited 25y gilt syndication caught the eye as traders pondered its spread to the 2045 reference gilt. 5y gilts were popular.
GBP Swaps: 2031 epicentre of ASW move; 10s/30s flattening...
The first week of 2021 ended with interest in ASW bids centred around the 2031 gilt, as well as the direction of the 10s/30s curve.
GBP Swaps: Gilts, inflation reprice sharply as Brexit dea...
The sterling curve is sharply bear-steepening, spreads are tightening and RPI is tumbling at the front end on reports that a Brexit deal is imminent.
GBP Swaps: Heading for a sub mission? Fair dinkum Brexit ...
Brexit and Vlieghe combined today to generate a bull-flattening move in a market traders still described as rangebound.
Sterling RFR Working Group: Spreads and transitioning loa...
The BOE-convened Working Group on sterling RFRs this week issued a trio of papers and open letters intended to support the transition to SONIA.
Basis: Anglian Water makes a splash in Japan; Turn talk; ...
With new issuance now in Christmas mode, one new issue stood out this week -- Anglian Water in JPY. Basis traders look at this, and at cable in 2021.
GBP Swaps: 10y to hit 5bps on hard Brexit? 40y SONIA; 50y...
With Britain on the brink of a hard Brexit traders see a further rally in 10y gilts as likely, while today 40y SONIA and 50y ASW flows catch the eye.
Basis: Flattening sustained; Long EUR supply eyed for 2021
After a big night out on the Scotch eggs, traders seemed to have little appetite for flow today. Which was just as well.
Most Popular
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EUR Swaps: Steeper amid more SURE talk; ASWs too tight?
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EUR Swaps: Bases tighten on abundant liquidity; EONIA-BOR 10y to go negative?
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GBP Swaps: Long end liquidity appalling as real money stays away
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EUR Vol: Onwards and downwards; Intrigue over 2y10y OTM receivers
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USD Swaps: S&P gains as Trump goes; Formosa feast