RBS Sees Value In GBP, USD Vol Trade

To take advantage of the wide spread in 30y rates in the U.S. dollar against sterling, strategists at the Royal Bank of Scotland are recommending a zero-cost payer structure.

  • 01 Aug 2013

To take advantage of the wide spread in 30y rates in the U.S. dollar against sterling, strategists at the Royal Bank of Scotland are recommending a zero-cost payer structure.

The firm suggests buying GBP 6m30 at-the-money payers, while selling USD 6m30y a+12 basis point payers. The trade is zero-cost ...

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