Total Derivatives: Short-end CNY bid
Anticipation of year-end liquidity pressure has backed paying interest in short-end CNY swaps. The 1s/5s NDIRS curve slope has flattened to sub-10bp levels but a correction is seen as unlikely in the near-term, writes Deirdre Yeung of Total Derivatives.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts