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BUNDS: Natixis Recommend Bobl/Buxl Steepener

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets

Natixis recommend a Bobl/Buxl steepener targeting a move to 60bp, with a stop set at 30bp. 

  • They note that “recent positive developments in the U.S. labour market and the rise in geopolitical risks are influencing EGBs.”
  • “Concerns about the ECB potentially undershooting the neutral rate may re-emerge, particularly as the Eurozone's October HICP is expected to stay below 2.0%.”
  • “This environment suggests a steepening of the yield curve, especially in the lagging 5Y-30Y sector.”
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Natixis recommend a Bobl/Buxl steepener targeting a move to 60bp, with a stop set at 30bp. 

  • They note that “recent positive developments in the U.S. labour market and the rise in geopolitical risks are influencing EGBs.”
  • “Concerns about the ECB potentially undershooting the neutral rate may re-emerge, particularly as the Eurozone's October HICP is expected to stay below 2.0%.”
  • “This environment suggests a steepening of the yield curve, especially in the lagging 5Y-30Y sector.”