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Morgan Stanley Recommend Receiving Sep/Dec BoE Spread

STIR

Late on Friday Morgan Stanley recommended receiving the Sep '24-Dec '24 MPC Spread

  • They believe that “valuations and technical considerations make rates-cutting trades attractive given the significant repricing in lower cuts expectations while the UK macro backdrop remains supportive for rates cuts sooner than later.”
  • “MPC flatteners provide a low volatility option compared to outright positions; hence, they are our favourite expression.”
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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