Basic Swaps

Basis: Better offers; Vanishing deals await calmer summer

The EUR/USD basis curve was better offered in the long end as traders blamed gamma hedgers and lack of swapped deals. Citi eyes a busy summer.

Basis Swaps: Derailed market sees cable offered

While tumbleweed blows down Cornhill, basis swappers look at cable flow and front end EUR/USD moves in an endlessly turbulent world.