Natixis - Long BTP-OAT 2y vs. 5y

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Natixis

Benoit GERARD

Long BTP-OAT 2y vs. 5y

After a strong performance in 2023, the BTP curve is facing some headwinds, related to fiscal issues and historically rich valuations to OAT curve. We enter a 2-5y BTP vs OAT box at 22 bps. We target 40 bps in a 3-month horizon; we stop at 13 bps .

04/04/2024 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

Benoit GERARD

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Long BTP-OAT 2y vs. 5y

Does the level of inflation expectations of financial markets and households mean that inflation will not be higher in the medium term?

PMI and Fed Minutes in focus

PMI et Minutes de la Fed en ligne de mire

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