Free Trial

Commerzbank Flag Potential For More Resilient Front End Swap Spreads

BUNDS

Commerzbank note that “a supportive factor for the short end is probably simply the yield level, where the Schatz at 3.25% has become buyable for many more investors, not least in view of an S&P 500 dividend yield below 2%. Together with a still elevated repo scarcity/uncertainty premium and recent strains in individual bonds as the upcoming futures delivery period could become more challenging, this may contribute to more resilient front-end swap spreads.”

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.