July 12, 2024 09:47 GMT
BofA: Buy 30y Gilts vs. U.S. Tsys On ASW
BONDS
Bank of America recommend going long 30-Year gilts vs. U.S. Tsys on ASW.
- They note the “potential for U.S. fiscal worries contrasts with our expectation for a more supportive long-end supply-demand dynamic in the UK.”
- They also believe that “30y Gilts appear to offer a more meaningful fully-hedged pickup on the curve than other points for USD-based investors.”
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