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BONDS: BTP vs OAT block trades, spread at lowest level since 2010

BONDS

BTP/OAT block trade spread, looks perfectly weighted.

  • OATZ4 1.84k at 126.76.
  • IKZ4 2k at 122.19.

Given the latest BTP/OAT block, suggest a tightener, it is worth watching the spread, not only 1.7bps tighter, but it continues to trade at its lowest level since March 2010.

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BTP/OAT block trade spread, looks perfectly weighted.

  • OATZ4 1.84k at 126.76.
  • IKZ4 2k at 122.19.

Given the latest BTP/OAT block, suggest a tightener, it is worth watching the spread, not only 1.7bps tighter, but it continues to trade at its lowest level since March 2010.

Keep reading...Show less