May 13, 2024 08:39 GMT
Morgan Stanley Recommend Long 10y OAT Invoice Spread
OAT
Morgan Stanley recommended entering a long 10-Year OAT invoice spread position late on Friday, with the structure trading at -16bp.
- In terms of reasoning for the trade, they noted that “French net issuance in May looks set to be negative and a potential downgrade of France by S&P seems already priced in.”
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