Total Derivatives: Short-end CNY bid on yuan; belly offered

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Total Derivatives: Short-end CNY bid on yuan; belly offered

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Yuan Geldscheine von Chinas Währung. Chinesische Geldscheine. | Wodicka/Gina Sanders - Fotolia

The short-end of the CNY swap curve has been bid on the back of today's weak yuan fix while disappointing economic data has triggered offers in the belly. Separately, the People’s Bank of China (PBoC) is considering direct trading of CNY/ZAR FX, writes Deirdre Yeung of Total Derivatives.

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