Natixis - 5Y DSL are now too cheap in rv

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Natixis

Cyril Regnat

5Y DSL are now too cheap in rv

5Y DSL have been s uffering ahead of next week supply (the DSL 7/28 will be reopened) and are now t o o cheap in RV in the Dut c h curve or vs. Bund. We expect these spreads to normalize. ASW spreads vs DSL 7/26, fly vs 5Y Bund & 5Y OAT or box trades vs. Bund are among the many opportunities offered by 2027 DSLs.

15/03/2022 1 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Analysts

Cyril Regnat

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5Y DSL are now too cheap in rv

BoE: rates on a gradual downward path despite today’s status-quo

FOMC のまとめ：疑問に思ったら、何もするな

After a much-as-expected Fed, make way for the SNB and BoE

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