FX swap points declined across all tenors as ceasefire expectations reversed following President Trump's hawkish remarks on Iran, with the 1-year tenor falling 0.70 won to -15.80 won amid rising U.S. Treasury yields and widening basis spreads in the foreign currency funding market.
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https://en.infomaxai.com/news/articleView.html?idxno=113528

FX Swap Points Fall Across All Tenors as Ceasefire Expectations Reverse
FX swap points declined across all tenors as ceasefire expectations reversed following President Trump's hawkish remarks on Iran, with the 1-year tenor falling 0.70 won to -15.80 won amid rising U.S. Treasury yields and widening basis spreads in the foreign currency funding market.