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Barclays says that the 2yr-5yr Gilt asset.....>

GILTS
GILTS: Barclays says that the 2yr-5yr Gilt asset swap spread have weakened over
January due to "non-gilt issuance" and recommend going long UKT 2.75% Sep 2024
ASW ahead of March redemption and coupon payments "as it offers comparable roll
and carry and is cheap versus peers".
- "We can see that a clear seasonal pattern emerges whereby both 2-yr and 5-yr
spreads systemically richen into the redemption and cheapen back thereafter",
Barclays says. 

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