Swaps - CNY

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.

CNY Swaps: Weak CNY fails to drive bid

Basis: Curve eyed as issuance returns; Panda

Daimler Panda too generous; Unhelpful

CNY Swaps: Renminbi dip; Trade war escalates

Basis: Panda price puzzle; EUR/USD bid

Basis: Relentless bids; Preposterous Panda

Basis: EUR deals persist, curve holds; CNH

Basis: EUR burst gets flow moving; SOFR talk