Markit iBoxx index to boost liquidity in offshore RMB
A new offshore renminbi bond index launched by Markit this week could improve liquidity in the market, enhancing the opportunity for derivative products linked to the indices.
“The key drivers for the development of derivative products are transparency and robustness of the underlying and liquidity of the underlying,” Randolf Tantzscher, director of fixed income indices at Markit, told GlobalCapital. “In the offshore RMB market, liquidity is a key concern for a lot of market participants
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