Buy USD 1y10y ATM vs Selling 1y10y OTM Payers: Commerzbank
Source: BFW (Bloomberg First Word)
People
Markus Koch (Commerzbank AG)
To de-activate this alert, click here
UUID: 7947283
(Bloomberg) -- Medium to long term bearish trades in USD 10y IRS have reached fairly attractive entry levels, writes Commerzbank strategist Markus Koch, in a client note.
Alert: HALISTER1- To express a modestly bearish scenario over long term, while avoiding adverse PnL effects from a contrary bullish outcome, recommend buying USD 1y10y ATM vs selling USD 1y10y OTM payers
- Trade would expire worthless in a bullish environment while offers scaling into bearish USD exposure at zero cost
Source: BFW (Bloomberg First Word)
People
Markus Koch (Commerzbank AG)
To de-activate this alert, click here
UUID: 7947283