Total Derivatives: Short-end CNY bid emerges on curve move

Recent comments from the People's Bank of China (PBoC) have strengthened the CNY and supported the short end of the swap curve. With longer maturities pushing higher on improved risk sentiment, the curve has steepened. Meanwhile, with Canada next in line to become an offshore trading hub, CAD/CNY is to become directly tradeable, writes Deirdre Yeung of Total Derivatives.