Free Trial

Goldman Still See Good Risk Reward In Flattener Plays

EURIBOR

Late Friday saw Goldman Sachs note that “at the front end of the curve we see more downside risk to yields - the Dec-23 vs Dec-25 gap has been stable for some time at around ~100bps. Over that long of a period, we can envisage meaningful ECB easing for both recessionary and non-recessionary reasons - given the scope for disinflation even with stabilizing growth - and so we still see good risk-reward in front-end flatteners.”

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.