Fixed Income Daily Market Update 固定收益部市场日报 Trading desk comments 交易台市场观点 19 Jan 2026 Glenn Ko, CFA 高志和 (852) 3657 6235 glennko@cmbi.com.hk CMBI Credit Commentary Cyrena Ng, CPA 吳蒨瑩 (852) 3900 0801 cyrenang@cmbi.com.hk Last Friday, the new SNBAB 6.15 Perp was down by 0.4pt from RO at par. See our comments last Friday. The new KUAISH 31-36s opened heavy as the market digested flipper flows and initially widened 3-5bps from RO at T+50 and T+70, respectively. The 5yr tranche eventually closed at RO level, while ...