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Short-end CNY swaps were well offered this morning after the US softened its official assessment on the yuan and the PBoC injected liquidity into the system. An early steepening move then pushed receivers into the mid-sector of the curve. In addition, the PBoC is planning a CNH bond issue, writes Deirdre Yeung of Total Derivatives.

The People’s Bank of China (“PBoC”) has opened books to its debut one year offshore central bank note in the Asia morning at 3.30% area on October 20.

GlobalRMB spoke to senior transaction banking executives throughout the Sibos 2015 conference held in Singapore last week. A common theme emerged: the RMB is presenting massive opportunities for banks nimble enough to follow China along its path to liberalisation. In this first piece, Lisa Robins, head of global transaction banking at Deutsche Bank, told GlobalRMB how much China's transformation has surpassed expectations so far.

Despite a lack of enthusiasm over future earnings and concerns over problems abroad, stock options in the US have already returned to the low volatility range they inhabited before the late August spike.

CME Group has launched an 'ultra' 10 year futures market product aimed at US rate hedgers and traders.

Softcat, a UK IT infrastructure and services provider, on Monday started pre-marketing for an IPO on the London Stock Exchange, widely tipped to value the firm at around £500m.

Nederlandse Waterschapsbank has swerved another clash with compatriot Bank Nederlandse Gemeenten — also in the market but in dollars — to return to euros.

A European agency is set to bring a green bond on Tuesday as optimism grows that SRI volumes could pick up even more over the next two months.

Greece’s yields screamed lower on Monday despite reports that the country’s creditors are unhappy with its government’s reform efforts. Meanwhile, Cyprus could bring a bond after completing a roadshow last week.

Two European SSAs are tapping the short end of the dollar curve with just over a month to go before Thanksgiving — the traditional time for turkeys and the winding down of dollar issuance.

Akademiska Hus AB, the Swedish state-owned property company, on Monday ended a four year absence from the Swiss franc market with a 10 year note.

US cruise ship operator Carnival Corp has announced that it will roadshow for a potential euro bond offering that would mark its return to the euro market after a nine year hiatus.