Basic Swaps

Basis: QE or QT? That is the question…

The BOE's commendable attempt to cap the gilt market sell-off is unsettling basis swappers and flattening XCCY curves.

Basis: Divergence reversed after gilt flight; Gamma bids

The biggest move of the last few days in cross-currency bases has been in front-ends, but the real action has been in 10y and longer.