Swaps - BASIS 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.
EUR New Issues: Activity returns after recent market turm...
Issuance is back following a hiatus in activity during recent market turmoil.
Basis: Year-end turn crashes front-end; Tighter JPY/USD?
Unlike recent gilt moves, a New Year turn collapse today in cross currency first breaks is not unprecedented. But only 2008 surpassed it.
EUR New Issues: KfW braves market volatility
Only a handful of issuers are set to price in euros today amid ongoing market volatility.
Basis: LCH, ICAP, Nordea and Danske in CIBOR/SOFR landmark
The risk-free reference rate revolution continues with news that LCH SwapAgent posted its first CIBOR/SOFR cross-currency swap between Nordic banks.
Basis Swaps: XVA flows stand out; Muted response to GBP w...
Gilt market chaos put a lid on cross market issuance this week, but front ends of basis curves are surprisingly calm. Citi eyes Q4 basis prospects.
EUR New Issues: Equitable Bank, Ontario Teachers, Smith a...
Canada's Equitable Bank and Ontario Teachers are working on new euro deals alongside UK's Smith and Nephew.
Basis: Central banks take centre stage
The 50bps rate hike by the BOE’s MPC today may have been marginally smaller than expected but did have a strong flattening impact on cable basis.
Basis: Busy issuance; GBP window wide open for now
General issuance was strong again today, but basis-swappable issuance was just ticking over, though GBP supply is having a good week.