RATES: 10Y Auction to Overcome Valuation, Seasonals, Nomura Says
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- $20b 10Y reopening at 1pm ET should receive “healthy demand” based on cheapening over past month, large short base indicated by “deeply negative” repo rate, and “renewed global duration rally,” Nomura strategists say in unsigned note.
Alert: HALISTER1- These factors should outweigh valuation that “is still unattractive both outright and on the curve” and seasonal weakness in rates
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283