HALISTER1: RATES: JPMorgan Stopped Out of 5Y Duration Short Recommendation

RATES: JPMorgan Stopped Out of 5Y Duration Short Recommendation

(Bloomberg) -- 5Y duration short recommended on Feb. 5 hit stop as rally drove 5Y yield 14bp below entry level, JPMorgan strategists led by Jay Barry say in Feb. 11 note.
  • Recommendation was based on “technical factors including investor positioning, February seasonals and the multi-year low levels of carry”
  • However, “risk-off move has been the predominant force in Treasury markets over the past few days” with intermediate yields yday declining to lowest levels since mid-2013
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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JPM US (JPMorgan Chase & Co)

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Jay Barry (JPMorgan Chase & Co)

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