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J.P.Morgan Recommend Tactical 10s20s Gilt Steepeners

GILTS

Late on Friday J.P.Morgan wrote “the 10s/20s gilt curve looks modestly too flat vs. the 20s/30s gilt curve and, given upcoming 20Y supply, alongside the general RV flatness of 10s/30s, we enter tactical 10s/20s gilt curve steepeners (gilts Jan33/Jan44).”

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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