Free Trial

J.P.Morgan Initiate A Couple Of Flattener Plays


J.P.Morgan “see compelling opportunities along the curve, particularly as we’ve now exited the illiquid summer period which should allow for some normalization in dispersions along the Treasury curve. In particular, we see opportunities further out the curve as off-the-runs maturing in 2046 appear cheap relative to more recent issues.”

  • They enter 10-/30-Year flatteners via Aug ‘32s and Aug ‘52s, at a spread of 13.3bp.
  • They also initiate Feb ‘46/May ‘51 level-neutral flatteners (100% vs.87% weighting).
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.