Total Derivatives: PBoC cut drives front-end CNY offers
A weekend rate cut by the People's Bank of China (PBoC) boosted China's equity market on Monday and supported the short end of the CNY rates curve. Foreign receivers were active in 1-2 year NDIRS and traders expect the steep 1s/5s slope to trigger profit-taking soon.
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