Closing: Buy UST 20Y vs 10Y and 30Y

Crédit Agricole CIB has closed its tactical trade recommendation to buy US 20Y Treasuries against 10Y and 30Y bonds, securing a 2.2bp profit.

Key Takeaways

• 1.Crédit Agricole CIB is closing its UST 20Y vs 10Y and 30Y buy recommendation to lock in a profit of 2.2bp.
• 2.The trade's performance was bolstered by a flattening 10-30Y curve and declining volatility, the latter driven by optimism regarding a potential US-Iran peace deal.
• 3.The US Treasury is shortening the settlement timing for 20Y bond reopening auctions to the Friday of the auction week to mitigate repo specialness.

Table of Contents

• Closing: buy UST 20Y vs 10Y and 30Y
• Interest Rates Research advanced tools
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