Good morning everyone, and welcome back at this new edition of this new publication (totally free for everyone) talking about macro assets.
Hi, in a case of an ECB cut + given German supply, don’t you think a 5-30 steepener on Germany is more interesting ?
Hi, yes more the steepening is driven by cut and more is intrresting to be involved in front end.
But at the moment I see ECB on hold, so the superior trade remains 10s30s.
In case of a cut I will add others trades, but at the moment the 5y is the richest point on the curve.
Hi, in a case of an ECB cut + given German supply, don’t you think a 5-30 steepener on Germany is more interesting ?
Hi, yes more the steepening is driven by cut and more is intrresting to be involved in front end.
But at the moment I see ECB on hold, so the superior trade remains 10s30s.
In case of a cut I will add others trades, but at the moment the 5y is the richest point on the curve.