Credit Suisse Says Receive 1-Yr Russia IRS on Coming Rate Cuts
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Nimrod Mevorach (Credit Suisse Group AG)
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UUID: 7947283
(Bloomberg) -- Credit Suisse recommends receiving 1-year interest rate swaps with target of 9.8%, stop-loss at 10.55%, strategist Nimrod Mevorach writes in note.
- Near-term monetary policy risks have shifted to rate cut
- Coming March 24 meeting looks like a close call
- Recommends taking profit on call to pay 1-year USD/RUB xccy rate
- Recommends cutting duration in OFZ bonds after the curve has bear-flattened since Bank of Russia’s Feb. 3 meeting
- Recommends switching into May 2019 bonds from Sept. 2026 and Aug. 2023 bonds
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Nimrod Mevorach (Credit Suisse Group AG)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283