Total Derivatives: Liquidity concerns back paying in CNY swaps
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Total Derivatives: Liquidity concerns back paying in CNY swaps

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Despite the PBoC having injected a record amount of funds into China's financial system this week, liquidity concerns are rising ahead of the Chinese New Year break. The fixings pushed higher and shorter NDIRS were well bid on Wednesday morning. Looking forward though sources see limited scope for further upside, writes Deirdre Yeung of Total Derivatives.

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