Steep Spanish bank curves suggest flattener, Credit Suisse says

Tuesday, May 14, 2013

Spanish bank two-five years curves are at the steepest level since 2009, making a curve flattening trade increasingly attractive, according to strategists at Credit Suisse.

Comment by: Anonymous. Posted 10 years ago [2013-05-14 23:12:16]

If CS believes that Spanish bank 2-year yields should be much higher than 5-year yields, then they're saying this sector is highly distressed. Why not just short the 2-year, then?

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