SPGB Outperformance vs BTPs Set to Continue: SocGen, RBS
Source: BFW (Bloomberg First Word)
People
Marco Brancolini (Royal Bank of Scotland Group PLC)
Marc-Henri Thoumin (Societe Generale SA)
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UUID: 7947283
(Bloomberg) -- Spanish 10y bond outperformance vs Italy after Spain’s Socialist party leadership cleared the way for Rajoy to form a new govt may continue, say strategists at SocGen and RBS.
Alert: HALISTER1- Remain bullish Spain, see further outperformance as Spain converges to semi-core, writes RBS Marco Brancolini in a client note
- Like to be long 50y Spain vs 30y BTP or 30y UST, targeting flat in both, and long 30y Spain vs OAT target 100bps
- Ongoing worries over Italy make long-term preference for SPGBs over BTPs still appealing, writes SocGen strategists including Marc-Henri Thoumin in a client note
- See further BTP/Bonos differentiation in coming sessions
Source: BFW (Bloomberg First Word)
People
Marco Brancolini (Royal Bank of Scotland Group PLC)
Marc-Henri Thoumin (Societe Generale SA)
To de-activate this alert, click here
UUID: 7947283