Don’t Chase EGB Spread Tightening Into U.K. Referendum: Barclays
Source: BFW (Bloomberg First Word)
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Cagdas Aksu (Barclays PLC)
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UUID: 7947283
(Bloomberg) -- Broad concerns about the global backdrop and the effectiveness of central bank actions, domestic political risks in the euro area and spillover concerns from the U.K. referendum should prevent peripheral spreads from tightening aggressively, Barclays strategist Cagdas Aksu writes, in a client note.
Alert: HALISTER1- U.K. referendum risk is not fully priced yet and risk premia could easily increase in the periphery as the vote approaches
- Remain neutral in peripheral spreads for now and look for tactical short periphery trades into the referendum
Source: BFW (Bloomberg First Word)
People
Cagdas Aksu (Barclays PLC)
To de-activate this alert, click here
UUID: 7947283