Swaps - CNY
USD Swaps: Steeper from the long end; China and intervent...
USTs remain steeper from the long end even as risky assets edge down from session highs. Banks look at PBOC FX policy. EIB plans a new USD 5y Global.
CNY Swaps: 1s/5s NDIRS seen steeper; Trade data eyed
Recent uptrend in 5y NDIRS has triggered thoughts about a steepener trade. However, next week's trade data will be the key to near-term direction.
Asia-Pacific New Issues: NAB in GBP bonds; Dim sum; Kanga...
Australian issuers have been active both in the domestic and foreign markets. IADB sold a new 2028 Kanga while SMFG is planning a yen TLAC bond offer.
CNY Swaps: Light 1-5y flow after strong GDP; RRR effect e...
Strong GDP data has failed to trigger paying in CNY NDIRS, and there was only light receiving in 1- and 5-year. 1s/10s NDIRS was flatter.
CNY Swaps: Busy 5y flow after PBOC's surprising RRR cut; ...
PBOC surprised the market by its 25bps RRR cut late on Friday. 5y swaps saw good amount of flow and 1s/5s NDIRS flattened out.
Asia-Pacific New Issues: KfW new kangas; ANZ EUR and USD ...
More Kangaroo bonds with KfW raising AUD550m via a new 6-year deal. ANZ sold EUR and USD bonds in size, and NAB has tapped the Dim sum bond market.
CNY Swaps: 1-5y NDIRS bid after property rescue; Steeper ...
The surprising property sector rescue plan triggered strong paying in the 1-5y zone of the CNY NDIRS curve. Steepening of 2s/5s would be short-lived.
Asia-Pacific New Issues: AUD covered bonds; 3y Dimsum
There have been a couple of 3y deals in Asia, including a 2-tranche AUD covered bond offer and a Dimsum bond.
CNY Swaps: 10y price action flattens 1s/10s; Light front-...
Losses in equities have prompted price actions in 10y NDIRS and 1s/10s flattened out. Weaker CNY has backed paying at the front-end of the curve.
Asia-Pacific New Issues: Japan goes green and blue; Macau...
There were blue and green bonds in Japan, and Aussie banks have been busy raising funds in the market. There was a new Macau Dim-sum deal.