RATES: ‘Better Demand’ Likely for 3Y Auction, Nomura Says
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- $24b sale at 1pm ET is likely to fare better than last month’s, which was first 3Y to tail since June 2014, because of higher outright yields, recent strength vs OIS and expectations for next Fed hike “still anchored around the end of this year,” Nomura strategists say in unsigned note.
Alert: HALISTER1- Negatives for the sale include “return of risk-on sentiment” after recent strong data, and “divergence between credit and equities” that “may induce some asset reallocation”
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283