Turkish External Debt is Cheap, Only Overweight in EEMEA: BofA
Source: BFW (Bloomberg First Word)
People
Gabriele Foa (Merrill Lynch & Co Inc)
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UUID: 7947283
(Bloomberg) -- Recommends buying 22s vs 5y CDS, Bank of America analysts including Gabriele Foa write in an e-mailed note.
Alert: HALISTER1- Say spreads are above their 6m average and dollar bonds are trading two notches below their rating; in “outright terms” 25s and 26s are best positioned within the curve
- After the sell-off in rates, bonds maturing in July 20s “offer the best carry in the belly of the curve,” with 22bps over the next 3 months; Mar23s are also attractive in the long-end with 10bps of carry
Source: BFW (Bloomberg First Word)
People
Gabriele Foa (Merrill Lynch & Co Inc)
To de-activate this alert, click here
UUID: 7947283