HALISTER1: Buy UST 3Y on 2s3s5s Butterfly Into Next Week’s Auctions: SG

Buy UST 3Y on 2s3s5s Butterfly Into Next Week’s Auctions: SG

(Bloomberg) -- Tactical long belly of 2s3s5s butterfly beginning four days before 2Y auction and ending four days after has produced average return of 3.3bp and 100% hit ratio over past 12 cycles, Soc Gen strategists Shakeeb Hulikatti, Subadra Rajappa and Bruno Braizinha say in note.
  • Next week’s 2Y and 5Y auctions are both slated for Monday, followed by 7Y on Tuesday
To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Vivien Lou Chen

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Bruno Braizinha (Societe Generale SA)
Shakeeb Hulikatti (Societe Generale SA)
Subadra Rajappa (Societe Generale SA)

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