Credit Agricole Recommends Receiving Hungary, Poland 12x15 FRAs
Source: BFW (Bloomberg First Word)
People
Sebastien Barbe (Credit Agricole SA)
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UUID: 7947283
(Bloomberg) -- Credit Agricole CIB sees hawkish leaning of Hungary, Poland markets as “surprising” as both central banks remain on the dovish side, analysts including Sebastien Barbe writes in report.
Alert: HALISTER1- Recommends receiving 12x15 FRAs in both markets:
- In Poland, at 1.92% with 1.73% target, 2.00% stop-loss
- In Hungary, at 0.70% with 0.40% target, stop-loss at 0.85%
- Risk to this trade include any rise in concerns related to French presidential elections, pressure on euro zone
- Hungary’s 12x15 FRAs currently trading at 0.80%, pricing in 57bps in higher borrowing costs
- Poland’s 12x15 FRAs at 1.96%, showing bets for almost 25bps of rate increase
Source: BFW (Bloomberg First Word)
People
Sebastien Barbe (Credit Agricole SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283