sold m eibor diff at par 22.5,s v 67.5,s and managed to sell small (and in the interest of honesty only by legging) m short sterling diffs at -2 27,s v 79,s
i like any fly diff approaching par almost irrelevant of currency
short sterling is possibly the most cloudy as election concerns and lack of clarity re incoming policies will frighten market and probably keep curve view fairly flat
but with hung parliament looking increasingly likely and therefore a lack of fiscal discipline forthcoming deferred curve should get punished and or the currency
m diffs i particularly like as the dec optionality is in my favour
i like any fly diff approaching par almost irrelevant of currency
short sterling is possibly the most cloudy as election concerns and lack of clarity re incoming policies will frighten market and probably keep curve view fairly flat
but with hung parliament looking increasingly likely and therefore a lack of fiscal discipline forthcoming deferred curve should get punished and or the currency
m diffs i particularly like as the dec optionality is in my favour