Basis swap move provokes sterling action

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Corporate Bonds

Basis swap move provokes sterling action

Nigel Owen
July 12, 2018 03:30 pm
USD GBP Balance
Investor trading the British pound sterling at par with the US Dollar. A golden pair of balances are keeping the pound sign and dollar currency symbol in equilibrium. Business concept for forex. | Leo Wolfert/leowolfert - stock.adobe.com

The sterling corporate bond market has enjoyed its busiest two weeks of 2018 as a number of non-domestic funders decided the move in the cross currency basis swap to a five year high was too good to be ignored.

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