Free Trial

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.
                                          

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.