Swaps - BASIS SWAPS

EUR New Issues: Carnival coming to town

Carnival, the world’s largest leisure travel company, has mandated BAML, BNPP, Citi, GS and NatWest for a EUR 10y.

Basis: SOFR mania; Italy whopper drives EUR/USD

An impressively busy day once more for new issuance saw the shadow of Italy’s $7bn 3-part cast over much of the curve.

EUR Swaps: Big flow hits 30y 3s6s; LCH/EUREX firm

Aggressive receiving in long-dated 3s6s has pushed the basis to multi-year lows. LCH/EUREX was stable but some see a widening bias.

Basis: Busy as issuance springs back to life

The cross-currency basis swaps market was kept well and truly on its toes today.

Basis: Moment of calm; More GBP supply eyed

An unexpected lull fell upon the recently-busy basis swaps market today, but traders and strategists predict 5y cable activity will be back soon.

Basis: 7y EUR popular; Cable rests; JPY focus

Tuesday ticked over quite nicely in cross-currency basis swaps, without anything happening to scare the horses too much. 7y EUR/USD is busy.

GBP Swaps: Long end receiving; Deja vu

Basis: Repo move will not stop 3m slide

Basis: Back end EUR/USD offered: Fallbacks