Swaps - BASIS SWAPS
The EUR/USD basis curve was better offered in the long end as traders blamed gamma hedgers and lack of swapped deals. Citi eyes a busy summer.
While tumbleweed blows down Cornhill, basis swappers look at cable flow and front end EUR/USD moves in an endlessly turbulent world.
KfW treasury officials discuss the balance between liquidity, cost and volatility for KfW in ESTR versus EURIBOR.
The rate hike by the BOE put cable into the limelight. Barclays eyes a lively Q4 widening move.
With new issuance flow remaining on life support, wizened basis swap veterans say all the signs point to steeper core curves.
EUR/USD basis flattened on a ECB Day. NIB has been busy in GBP and CNY and discusses those resurgent markets. BNPP eyes USD supply and EUR IRS.
A day of reasonable new issuance activity saw good supply but still slightly muted basis flows. Barclays eyes GSIB scores and xccy widening.
Listing of structured bonds and vanilla bonds issued in the Asia Pacific markets over the past week.
Today's euro HICP underscored the message from yesterday's strong German and Spanish prints and the front-end stayed under pressure.
With largescale issuance kyboshed for the next three sessions by holidays, basis swappers look at volatility risks and the EUR issuance revival.