Basic Swaps

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.

Basis: CSAs behind 30y €/$ bids? Two-way flows battle it ...

A fun day in the cross-currency basis swaps found traders speculating about CSA flow in 30-50y EUR/USD. New issuance is lively.