Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
J.P.Morgan note that "the WNZ1 CTD basis net of carry is currently unusually wide at ~4.5/32nds, and the contract has little switch optionality. Sell $50mn notional of the 3% Feb 2047 basis into WNZ1 @ 31/32nds (carry to last trading day 26+/32nds, net basis 4.5/32nds, WNZ1 @ 197-28/32nds). This trade involves selling $50mn notional of the 3% Feb '47s (at a basis-implied price of 122-15.5/32nds) versus buying 307 WNZ1 contracts @ 197-28/32nds."