Risks Skewed Toward ‘Lackluster’ 30Y Takedown, CRT Says
Source: BFW (Bloomberg First Word)
People
Ian Lyngen (CRT Capital Group LLC)
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UUID: 7947283
(Bloomberg) -- Although recent action has priced in an outright concession and yield is 10bp off recent lows, 30Y “isn’t one that historically benefits from overseas sponsorship,” CRT strategist Ian Lyngen says in note.
Alert: HALISTER1- $17b net paydown for this week’s auction “was more relevant for 3s and 10s,” so “not anticipating a meaningful impact” today
- “Apprehensive” on today’s $12b 30Y reopening at 1pm ET and a tail is likely
Source: BFW (Bloomberg First Word)
People
Ian Lyngen (CRT Capital Group LLC)
To de-activate this alert, click here
UUID: 7947283