Japanese Yen (Jpy)
November 8th is SOFR First for non-linear
MRAC has set November 8th as the date for switching interdealer trading conventions from LIBOR to the SOFR for USD non-linear derivatives.
JPY Swaps: Curve ceases from flattening further
JGB future is firmer despite a rally in the Nikkei. The swap curve has ceased from flattening further.
USDi: CPI tailwinds persist for BEs; PPI prints; 5y TIPS ...
BEs used CPI tailwinds, risk-on sentiment and higher energy prices to continue recent bull-flattening. PPI hit the tape. 5y TIPS auction announced.
JPY Swaps: Curve follows US market flatter
The JPY swap curve has followed the USD rates curve flatter. 5-year JGB auction saw satisfactory demand.
USDi: ‘Transitory’ Smansitory; BEs choppily bull flatten ...
Today’s Sept. CPI showed that ‘transitory’ inflation still stubbornly appears to be sticking around, bull flattening the BE curve in choppy fashion.
JPY Swaps: Long-end cautious as JPY weakens; BFCM Samurais
The long-end of the JPY swap curve saw very cautious receiving, as the recent weakness in the JPY may trigger an upward move in long-dated swap rates.
JPY Bonds: 30y JGBs cheapen ahead of tender
Ultralong JGBs have been cheapening in recent months and the 30y yield is approaching the key 0.70% level ahead of today's auction.
JPY Swaps: 20y ASW seen performing as yields rise
Long JPY swap spreads and clearing basis levels are edging wider. 20y asset swaps are seen outperforming as yields rise.
USDi: NFP sends BEs drifting higher; More on the EBRD deal
Today’s NFP print sent BEs drifting higher as nominals sold off again, extending the recent bullish price action for inflation. More on the EBRD deal.
JPY Swaps: 2s/10s key level revised; Curve steeper ahead ...
The JPY swap curve steepened up to the backend ahead of the monthly US jobs data. Players have revised their expectations on 2s/10s.