UST Curve Bear-Steepening, Bull-Flattening Trend Intact: SG
Source: BFW (Bloomberg First Word)
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Subadra Rajappa (Societe Generale SA)
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UUID: 7947283
(Bloomberg) -- UST 10Y yield is likely to remain in 1.60%-1.90% range, contained on upside by U.K. referendum risk and prospect of BOJ currency intervention, on downside by improvement in Chinese economic data and rising oil prices, SocGen strategists led by Subadra Rajappa say in April 28 note.
Alert: HALISTER1- With on-hold Fed anchoring front end of curve, bull- flattening and bear-steepening have been dominant trends, and “should persist” as there’s “little chance of significant hawkish repricing in the near term”
- SocGen recommends conditional bear steepeners and bull flatteners, specifically costless 1y forward 10s30s bull flattener and costless 3m forward 2s5s bear steepener
Source: BFW (Bloomberg First Word)
People
Subadra Rajappa (Societe Generale SA)
To de-activate this alert, click here
UUID: 7947283