Total Derivatives: Swap trade opportunity from RMB devaluation fallout

By Total Derivatives
12 Aug 2015

Since adjusting its currency fixing process on Tuesday, the People's Bank of China (PBoC) has overseen the biggest two-day depreciation in the yuan in more than two decades. HSBC has described the CNY swap market sell-off as counterintuitive — and sees current elevated rate levels as an opportunity, writes Maia Ririnui of Total Derivatives.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial