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J.P.Morgan Identify Some Relative Value Dislocations In The Breakeven Curve

US TSYS/TIPS

J.P.Morgan believe that "the 2% Jan-26s/0.5% Jan-28s breakeven curve appears 4bp too flat relative to the broader 5s/10s breakeven curve (using 1-month forwards to adjust for near-term carry). We recommend initiating level-neutral 2% Jan-26s/0.5% Jan-28s breakeven curve steepeners."

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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