HALISTER1: Keep Receiving EUR 30y10y vs 40y10y, Move Stop to -25bps: BNP

Keep Receiving EUR 30y10y vs 40y10y, Move Stop to -25bps: BNP

(Bloomberg) -- EUR 30y10y vs 40y10y spread has been very stable for month and the cheap 40y point on the curve is finally normalizing, BNP Paribas strategist Eric Oynoyan writes in client note.
  • Forward spread is moving toward target, move stop higher to -25bps and still expect move above -15bps
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Eric Oynoyan (BNP Paribas SA)

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