Use Long-End OAT Cheapening to Enter 10s30s Flatteners: SocGen
Source: BFW (Bloomberg First Word)
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Marc-Henri Thoumin (Societe Generale SA)
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UUID: 7947283
(Bloomberg) -- Recent OAT syndications have resulted in substantial long-end concession; recommend entering 10s30s OAT flatteners in ASW, SocGen strategist Marc-Henri Thoumin writes in client note.
Alert: HALISTER1- Despite weakness in OATs, longer duration in core has remained resilient
- Massive inflows in April, larger PSPP sovereign bond buying should favor sustained demand for duration
- In France, EU48b of coupons and redemption payments on April 25 should spur a reversal of significant cheapening this week
Source: BFW (Bloomberg First Word)
People
Marc-Henri Thoumin (Societe Generale SA)
To de-activate this alert, click here
UUID: 7947283