Trial now
BUNDS

Block trade

MNI EXCLUSIVE

Insight On RBA's Decision To Extend QE

CZECHIA

FinMin Schillerova Urges CNB Not To Hike Rates

EQUITIES

Bank stocks lowest since 4th August

EQUITIES

The main driver cross assets

US TSYS

J.P.Morgan note that "isolating relative value, we like selling the 3% May-2042s, a $44bn issue of which the Fed already owns a 70% share, and buying the 3% Nov-2044s, a $44bn issue which is only 24% SOMA-owned. Naturally, given these issues are more than 2 years apart, there is curve flattening risk in this trade, and we recommend a 100:98 weighting to compensate for this curve sensitivity."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com