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J.P.Morgan: Initiate 7s/30s Steepeners

J.P.Morgan note that "polls, prediction markets, and quantitative models show higher likelihood of a Biden victory with a Democratic sweep in Congress, and our analysis points to better growth outcomes, leading to higher yields and a steeper curve at the long end. Given an improved carry profile we think steepeners offer more value, and among curve trades, 7s/30s offer the best value"

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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