DBRi 2030 Auction to Go Well, Cheap vs Nominal Bunds: SocGen
Source: BFW (Bloomberg First Word)
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Marc-Henri Thoumin (Societe Generale SA)
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UUID: 7947283
(Bloomberg) -- DBRi 04/2030 remains particularly cheap, offering a z-spread pickup of 13bps vs bunds, while most core linkers offer pickup of ~5bp, SocGen strategists including Marc-Henri Thoumin write in client note.
Alert: HALISTER1- While auction bond will be tapped further, see no reason for it to trade so much cheaper than DBRi 2026, OATei 2030
- Bond remains an excellent candidate to own in IOTA terms (on breakeven basis vs equivalent inflation swap)
- Counting on switches from other core linkers, shorter DBRis, expect the auction to go well
Source: BFW (Bloomberg First Word)
People
Marc-Henri Thoumin (Societe Generale SA)
To de-activate this alert, click here
UUID: 7947283