Chinese Yuan (CNY)

CNY Swaps: Early 5y offers; 1s/5s NDIRS seen flatter

5y NDIRS saw receiving in earlier trading, as domestic data has missed expectations. 1s/5s NDIRS has steepened to a level that a correction is due.

CNY Bonds: CDB issues 3y Dim Sum

China Development Bank issued a RMB2.5bn 3-year Dim Sum Bond.