¡Dios mío!: Half of the MXN Market Is Now Cleared
I began looking at Mexican Peso swaps last week and was struck by the amount of activity we can see on the SDR, and the degree to which they were being cleared. It does raise some questions that I don’t believe I have the answers for, so I thought I’d put it out to our […]
CME-LCH Basis Widens Again
The last article in our CME-LCH Basis category is dated July 15, 2015 and while our regular Swaps Review does cover CCP Basis Swap Volumes, it is now nearly 3 months since we looked specifically at the CME-LCH Basis. So time to see what has been happening. Daily Price History Lets start with a time […]
Stop Losses Evident in CDX Price Action
CDS indices trade in an almost continuous market This gives us a lot more price and volume data to analyse than for a tenor-specific Interest Rate Swap We briefly look at tick sizes and volume at price for the CDX:IG Index, but don’t find anything too compelling But we find an interesting representation in 3 dimensions when […]