30Y bonds have been massively outperforming shorter bonds since the beginning of the month. As a consequence , 5Y-30Y and 10Y-30Y slopes flattened a lot. As the repricing on the front-end of EGB curves is now mostly done, we believe steepeners are reoffering attractive entry points. In order to optimize the strategy, we recommend being long 5Y France vs 30Y Belgium.
Provider
Natixis
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.