Swaps - GBP
GBPi/Swaps: Macro sell-off; Area 51; Brexit & liquidity
Macro factors saw 10y yields rise, while in linkerland traders were distracted by syndication meetings. Swap liquidity is under scrutiny post-Brexit.
GBP Swaps: Long end liquidity appalling as real money sta...
Liquidity, or the lack of it in the long end, was a talking point among sterling traders with one describing 30y liquidity in swaps as appalling.
GBP Swaps: Mixed reviews of syndi as 5y blossoms
Today's eagerly-awaited 25y gilt syndication caught the eye as traders pondered its spread to the 2045 reference gilt. 5y gilts were popular.
GBP Swaps: Pondering 2021/22; Brevan GBP, USD views; Syndi
Blue Monday came with turquoise skies and a whiff of hope in the air. Traders are upbeat on 2046 supply. BofA looks at 2021-22 supply. Brevan update.
GBP Swaps: Syndi optimism; Ongoing ASW programme
The GBP market was a bubble unto itself today, with market moves largely stemming from very specific flows, such as aggressive buying of 30y ASWs.
GBP Swaps: Gilts rally as raven flees; ASW selling
News the ravens are fleeing the Tower of London was not blamed for gilts' rally today. Doves were on the mind of HSBC. ASW selling shone in 10y, 30y.
GBPi: IL65 flies out the door; LDI lead buyers
LDI buyers led robust demand for today's IL65 but traders warn the success of the auction it is not indicative of near term inflation picture.
GBPi/Swaps: BEs rally as gilt yields take the high road
A soggy day for fixed income everywhere was particularly moist here on Gove Island, as 10y gilt yields sold off 4.5bps and the APF had to dig deep.
GBP Swaps: 10s/30s eyed pre-supply; New issues fade
Traders and strategists again disagreed about the 10s30s curve while Tenreyro came from a good place, but her dovishness lacked oomph said GBP bulls.
UK WG on non-linear derivatives; Term SONIA fixes kick-off
The UK Working Group on RFRs last month discussed issues with transitioning non-linear derivatives to SONIA. Meanwhile term SONIA fixes launched today