Enter 10s30s Bund Steepeners Given USD Curve Dynamics: BNP
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Enter 10s30s bund steepeners which will benefit from both the steepening pressure from the U.S. curve and the expected change in the ECB’s stance next month, BNP Paribas strategists write in client note.
Alert: HALISTER1- Cash curve is a better trade than the swap curve given the high scarcity on the 30y bund ASW which is likely to be repriced after the December ECB
- Enter half now and then on any setback to 58bp with a 78/80bp target, stop loss at 54bp, 6-month C+R profit around 10.5bp
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283