U.S. Five-Year Butterfly Spread Near 15-Month Low as FOMC Looms

Updated on
  • BNP Paribas is recommending butterfly trade to clients
  • ``Buy the five-year if you're bullish,'' CIBC's Oh'e says

Five-year Treasury notes are near their most expensive level in 15 months relative to two- and 30-year securities before the Federal Reserve meets next week to decide whether to raise interest rates for the first time in almost a decade.

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