Fed Speak ‘Clears the Path for Carry Trades’: Credit Agricole
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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2539Z GR (European Central Bank)
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UUID: 7947283
(Bloomberg) -- The Fed’s statement this week suggests “few event risks” before the Jackson Hole meeting in August that could cause an “aggressive market repricing towards higher yields,” Credit Agricole analysts write in July 28 note.
- Statement “clears the path for carry trades over the coming weeks”
- Expect bid for belly of curve with “attractive carry and rolldown”; maintain “bullish trades” in 10Y and continue to favor 5Y30Y steepeners
- Next event risk for market is Jackson Hole; ECB President Draghi could discuss monetary policy
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
2539Z GR (European Central Bank)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283