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EGBS: J.P.Morgan Recommend Switching Irish Spread Exposure To Bunds From OATs

EGBS

J.P.Morgan have recommended switching 10-Year IRISH spread exposure from vs. France to vs. Germany.

  • Ireland remains their favourite EGB overweight on “attractive valuations and a favourable supply picture.”
  • They see fair value for Ireland around 10-20bp through France or 30-35bp over Germany on “fundamental and liquidity considerations.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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