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J.P.Morgan: Position For Wider Swap Spreads In The 3Y Sector

US SWAPS

Late on Friday J.P.Morgan noted that “with risks of FX intervention flows seemingly stabilizing and spreads appearing cheap to fair value, we cautiously turn positive on 3-Year spread wideners.” They recommended paying fixed in 0.5% Feb 28 2026 maturity matched SOFR swap spreads.

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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