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NAB Recommend AU/U.S. 10-Year Tighteners At 30bps+

AUSSIE BONDS

NAB note that "while we don't think we have seen the high in yields for 2021 (in late January we suggested a trading range in AU and U.S. 10-Year bond yields of 0.90% to 1.90%) at over 30bps above U.S. 10-Year treasuries the Australian 10-Year bond yield offers value. We recommend establishing a AU-U.S. 10-Year spread compression trade above 30bps."

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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