January 30, 2025 11:40 GMT
US TSYS: J.P.Morgan Continue To Recommend 5s/10s Flatteners
US TSYS
J.P.Morgan believe that with “the Fed likely on hold for an extended period and OIS forwards priced for our 50bp of forecasted easing in H225, we think the front end looks fairly priced right now and we remain neutral on duration. However, the curve looks too steep given the level of front-end yields and we continue to recommend 5s/10s flatteners.”
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