-5,000 SFRZ5 96.25/96.37/96.50/96.62 call condors, 7.25 vs. 96.37/0.10%
CHINA: China in Trilateral Currency Swap Talks with Japan and South Korea
Oct-21 16:36
"*CHINA EYES 3-WAY CURRENCY SWAP WITH JAPAN,SOUTH KOREA: SCMP" (BBG)
“Beijing seeks to strengthen regional financial ties and boost yuan use as US trade pressures weigh on East Asian economies”
"China is in talks with Japan and South Korea – both US allies – about a possible trilateral currency swap to bolster the region’s financial safety net and deepen economic cooperation amid US President Donald Trump’s trade war, according to a source familiar with the issue."
Full piece: https://www.scmp.com/news/china/money-wealth/article/3329849/china-eyes-3-way-currency-swap-japan-and-south-korea-amid-trumps-tariff-war-source
LOOK AHEAD: Wednesday Data Calendar
Oct-21 16:32
US Data/Speaker Calendar (prior, estimate)
10/22 0700 MBA Mortgage Applications (-1.8%, --)
10/22 1130 US Tsy 17W bill auction
10/22 1300 US Tsy $13B 20Y Note re-open (91210UN6)