Swaps - BASIS SWAPS
Asia-Pacific STNs: Callable zero; Kanga tap; JPY Uridashis
Listing of structured bonds and vanilla bonds issued in the Asia Pacific markets over the past week.
USD Swaps: Steeper and tighter; SOFR; Formosas
The curve is steeper and spreads are in as risk assets gain ahead of the Treasury refunding announcement. Banks look at SOFR. More Formosas print.
Basis: Hungry for gamma in pancake-flat market
In a year of statistical firsts a flatter basis swaps curve will not earn a ‘Bong’ moment on the ITV news, but gamma flow is weighing heavily upon it.
Basis: EUR/USD offered for choice as cable rests
The good news from the cross-currency basis swaps market today is that it is still open for business. Just. Nomura looks at offshore JGB demand.
Basis: Summertime, and the market is squeezy
Difficult trading conditions persisted as this most summery of weeks progressed. Squeeze risk is in danger of becoming a self-fulfilling prophecy.
Basis Swaps: Summer lull or three years in chokey?
Basis swappers, unsettled by the sudden shutdown of their market, are worried about how long this sudden arrival at the summer doldrums might last.
Basis: Canadians stand tall; Dim Sum off the menu?
Cometh the hour, cometh the Canadian. An embarrassing lack of issuance as been partly filled by Canadians. Elsewhere, traders fear for Dim Sums.
Asia-Pacific MTNs: Callable variable coupon bonds; Uridas...
Listing of structured bonds and vanilla bonds issued in the Asia Pacific markets over the past two weeks.
EUR New Issue Pipeline: Nationwide BS; Long-end taps
Nationwide BS, Bright Food Singapore and UniCredit target the 5-7y sector. A couple of names tap the longer-end of the curve.
Basis Swaps: Cable talk amid slim pickings
Basis swappers described activity in the cross-currency market as quiet on a day of holidays and big picture trading.