Free Trial

BofA: Pay 5-Year UK Real Rates Vs. 5-Year Euro Real Rates

BONDS

Bank of America recommend paying 5-Year UK real rates vs. 5-Year Euro real rates

  • They reason that “UK fiscal slippage is evident, with risks of more. This can be mitigated with shorter-dated issuance, firming 5y real rates.”
  • “More importantly, the door is open for the ECB to loosen real policy rates, but that's not yet the case in the UK.”
  • “Finally, there's the UK's deteriorating International Investment Position/GDP ratio vs the Eurozone.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why 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.