Total Derivatives: CNY steepening; CCS-NDIRS widening

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Total Derivatives: CNY steepening; CCS-NDIRS widening

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

The CNY NDIRS curve is steeper on mid-sector paying interest and currency- and fixing-related strength in the short-end. Soc Gen sees the CNH CCS-CNY NDIRS spread widening. Meanwhile, China City Construction is planning to redeem an existing dim sum bond, writes Deirdre Yeung of Total Derivatives.

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