Free Trial

Michael Spies from Citi takes a closer look.....>

OAT
OAT: Michael Spies from Citi takes a closer look at the OAT calendar roll and is
bearish from the -539 tick market level.
- Spies writes "Positioning in the OAT futures market continues to be long while
yield spreads between current CTDs are quite wide. While such speculative
positioning is a bearish factor for the roll, additional curve flattening would
add up on this. This makes us bearish on the roll. We suggest longs to roll
early and shorts to roll late".

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.