Total Derivatives: Data flattens CNY curve
Surprisingly weak Chinese trade data has triggered receiving in 5-10 year CNY NDIRS while an uptick in the USD/CNY fix has backed a short-end swap bid. The curve has flattened accordingly. Meanwhile, China has signed a swap deal with South Africa, 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