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J.P.Morgan Like 30s/50s Steepeners

OAT

Late on Friday J.P.Morgan wrote “at current levels, we find 30Y+ EGB curves excessively flat. Our strategic bullish duration, short volatility bias and already flat valuations argues for a 30Y+ steepening bias and we recommend a 30s/50s OAT steepener as a medium-term trade.”

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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