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VIEW: BNP Paribas note that the "5s30s......>

US TSYS
US TSYS: VIEW: BNP Paribas note that the "5s30s (curve) has had a 107-128bp
range in the last two weeks. Hard to make a strong curve call (at current
levels) within that range when 30s are so (recently) correlated to risk assets.
The most crowded trades are steepeners so the path of least resistance on
risk-off moves is a flatter curve."
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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