Quotes from Societe Generale
- Position for 5s10s curve steepening as political risks support the front-end safe-haven bidwhile risk premium is inserted into 10Y.
- Position for wider 10Y breakevens. Linkers should protect from higher inflation if the GBPweakens.
- Current entry levels are unattractive but we view any tightening as an opportunity to sell 10Ygilts versus Bunds.