Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Fed Buying of 10-Year Notes May Outpace Sales, BNP Paribas Says

Don't Miss Out —
Follow us on:

Nov. 4 (Bloomberg) -- Investors should bet the difference in yield between five-year and 10-year U.S. Treasuries narrows, because purchases by the Federal Reserve may offset upcoming sales of the longer-dated securities, BNP Paribas SA said.

“There will be less supply than purchases in the seven-to-10-year area,” said Patrick Jacq, a senior fixed-income strategist in Paris. “This should be favorable in that part of the curve and this is why we recommend five-to-10-year flatteners.”

The difference in yield between the two securities widened, or steepened, three basis points to 149 basis points as of 11:15 a.m. in London.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.