Announcement: Moody's: China's onshore bond market reforms are fueling issuance and investment
Feb 13, 2017 00:52 am UTC| Research & Analysis
Moodys Investors Service says that Chinas (Aa3 negative) ongoing liberalization of the onshore bond market will continue to shift RMB issuance and investment activity to the onshore market from the offshore market,...

Feb 10, 2017 12:45 pm UTC| Research & Analysis Insights & Views Central Banks
BoC firmly on hold: The lukewarm outlook indicates that the Bank of Canada would keep policy steady in the face of Fed tightening, which should nudge USDCAD gradually higher through mid-2017. The loonie remains highly...

Feb 10, 2017 12:39 pm UTC| Research & Analysis Insights & Views
The options trades are preferable over forwards as the implied volatility is similar between CNH and CNY (CNH vol is 0.2 vol points higher than CNY vol in the 6m tenor) and the vol spread has been narrowing over...
Feb 08, 2017 13:00 pm UTC| Research & Analysis
We believe that political risk into the French elections is priced more appropriately in bonds (but not in currencies) than going into the Brexit and US vote. In the remote scenario of a Le Pen Presidency with...

FxWirePro: What does the divergence between euro IVs and risk reversals divulge?
Feb 08, 2017 12:52 pm UTC| Research & Analysis
Although EUR vols appear to be at opportune levels for a fresh stab as European political hedge. Owning protection against European political discontent has been a key pillar of our bullish vol stance since late last...

Feb 08, 2017 10:54 am UTC| Research & Analysis Insights & Views
Apart from currencies battered by idiosyncratic factors (TRY, MXN, GBP), theyen is the only other USD-major where owning vega has been profitable YTD. This owes primarily to USDJPYs pronounced sensitivity to high frequency...
Feb 08, 2017 08:46 am UTC| Research & Analysis
Moodys Investors Service says that Asia will remain among the fastest-growing regions globally in 2017, but it faces several challenges that could weigh on credit conditions for Asian debt issuers. Challenges...