Total Derivatives: CNY well bid but 5y correction due
Weak Chinese trade data backed good paying in CNY swaps on Tuesday and built expectations for further easing measures from the People's Bank of China (PBoC). Sources say the rise in five year rates is looking overdone and that profit-taking flow will emerge soon, 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