Japanese Yen (Jpy)

JPY Swaps: Swaps offered; 10s/20s at new high

JPY swaps have been offered with the 5- to 10-year area slightly outperforming others. 10s/20s swaps have steepened up to their new high.

USDi: BEs still stuck in bear steepening abyss at month-e...

With all the card stacked against it today, BEs continued falling into the bear steepening abyss today with little aid from month-end index demand.

JPY Swaps: Swaps offered after weak US GDP; Flatter to th...

JPY swaps have been offered with the curve flattening to the 5- to 7-year area. Superlongs have been underperforming due to the weak yen.

USDi: BE stuck in bear steepening spell as rebalancing co...

BEs remained under bear steepening pressure, extending their recent rout as rebalancing flows continue to pressure TIPS.

JPY Swaps: 10y offers flatten 2s/10s; Superlongs slightly...

The JPY rates market saw clearer rally in the afternoon session when offers in 10-year flattened 2s/10s swaps. Superlongs have been underperforming.

USDi: Risk-off nemesis hits BEs again; Attractive valuati...

Risk-off sentiment once again hits BEs with valuations now looking attractive at the front-end to some.

JPY Swaps: Forward flow; BOJ bets back Bear Trade

There has been a pickup in JPY forward trade. Bets on the BOJ dropping its YCC commitment are backing interest in the Japanese Bear Trade.

JPY Swaps: Long flow; BOJ highlights weak yen risk

There has been flow in long JPY swaps and forwards after the latest BOJ minutes highlighted the weak yen as a risk to the economy.

JPY Swaps: Trade picks up after poor auction; Renault Sam...

Long swap flow has picked up after Thursday's poorly received 20y JGB auction. Renault issued a 3y Samurai Bond.

USDi: Decent TIPS auction lift 5y BEs while other tenors ...

Today’s decent $18bn 5y TIPS re-opening managed to improve the performance of the 5y BEs while other tenors softened up again.