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.
Westpac note that "the month of June saw a significant amount of nominal corporate pay-side flows and was the first month since March that the amount transacted was greater than average. Given that July flows fell back below average, does this mean that a significant pay-side consideration has now been removed from the market and as a driver of swap spreads? Probably not, as the fall in rates across the swap term structure is likely to be encouraging to those who could still renew or extend their hedges."
- "Over the 6 months to October, potential pay-side hedges are the largest in many years. So that has the potential to support wider swap spreads over coming months."