Trade Idea

MIZUHO 1.979% 2031 Cheap vs SUMIBK 4.306% 2028

BUY

MIZUHO 1.979 09/08/31

US60687YBL20
SELL

SUMIBK 4.306 10/16/28

US86562MBG42

MIZUHO 1.979% 2031 look cheap against SUMIBK 4.306% 2028 as the latter has tightened at a faster pace. Over the LTM, MIZUHO 31's have traded 5bps wider than SUMIBK 28's but the difference has now increased to 26bps (3.6 standard deviations). Holders of SUMIBK 28's have the opportunity to take profits at 61bps and switch into MIZUHO 31's at 87bps.

Start a free trial
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

More trade ideas

ITAU PERP BANBRA PERP idea is 15bps in the money for the week

ITAU PERP BANBRA PERP idea is 15bps in the money for the week

July 31, 2021
BUY

ITAU 6 ½ PERP Corp

USP5R6DPAB67 Corp
SELL

BANBRA 9 PERP Corp

USP3772WAF97 Corp
Green Bond Swap Idea Move from BBB to A Minus In Financials

Green Bond Swap Idea Move from BBB to A Minus In Financials

July 30, 2021
BUY

SANTAN 1 ⅛ 06/23/27 Corp

XS2194370727 Corp
SELL

UCGIM 0 ½ 04/09/25 Corp

XS2063547041 Corp
Green Bond Swap Idea In Dutch Financials

Green Bond Swap Idea In Dutch Financials

July 29, 2021
BUY

INTNED 2 ½ 11/15/30

XS1909186451 Corp
SELL

RABOBK 1 ⅛ 05/07/31

XS1991126431 Corp
Walmart Curve Idea In the money update

Walmart Curve Idea In the money update

July 24, 2021
BUY

WMT 5 1/4 09/01/35 Corp

US931142CB75 Corp
SELL

WMT 7.55 02/15/30 Corp

US931142BF98 Corp
MUFG 2.048% Cheap vs MIZUHO 4.018% 2028

MUFG 2.048% Cheap vs MIZUHO 4.018% 2028

July 16, 2021
BUY

MUFG 2.048 07/17/30

US606822BU78
SELL

MIZUHO 4.018 03/05/28

US60687YAR09
AEE 3.5% 2031 Cheap vs AEP 4.1% 2028

AEE 3.5% 2031 Cheap vs AEP 4.1% 2028

July 15, 2021
BUY

AEE 3 1/2 01/15/31

US023608AJ15
SELL

AEP 4.1 09/15/28

US845437BR25
BAC3.705% 2028 Cheap vs PNC4.05% 2028

BAC3.705% 2028 Cheap vs PNC4.05% 2028

July 8, 2021
BUY

BAC 3.705 04/24/28

US06051GGL77
SELL

PNC 4.05 07/26/28

US69349LAR96
ALL 5.75% 2053 Tightens Against PRU 3.7% 2050

ALL 5.75% 2053 Tightens Against PRU 3.7% 2050

July 7, 2021
BUY

PRU 3.7 10/01/50

US744320BH48
SELL

ALL 5 3/4 08/15/53

US020002BB69
C 3.352% 2025 Cheap vs WFC 3.55% 2025

C 3.352% 2025 Cheap vs WFC 3.55% 2025

July 6, 2021
BUY

C 3.352 04/24/25

US172967MF56
SELL

WFC 3.55 09/29/25

US94974BGP94
Dislocation in Walmart Curve

Dislocation in Walmart Curve

July 5, 2021
BUY

WMT 5 1/4 09/01/35

US931142CB75
SELL

WMT 7.55 02/15/30

US931142BF98
Steepening of Qatar Curve

Steepening of Qatar Curve

July 2, 2021
BUY

QATAR 3 3/4 04/16/30

XS2155352664
SELL

QATAR 4 1/2 04/23/28

XS1807174393
Dislocation in Crown Castel Curve

Dislocation in Crown Castel Curve

July 1, 2021
BUY

CCI 3.3 07/01/30

US22822VAR24
SELL

CCI 4.3 02/15/29

US22822VAL53
Dislocation in Abu Dhabi Curve

Dislocation in Abu Dhabi Curve

June 30, 2021
BUY

ADGB 3 1/8 04/16/30

XS2125308168
SELL

ADGB 2 1/2 04/16/25

XS2125308085
BRKHEC 3% 2029 Get Cheap Against AEP 4.1% 2028

BRKHEC 3% 2029 Get Cheap Against AEP 4.1% 2028

June 29, 2021
BUY

BRKHEC 3 11/15/29

US257375AP04
SELL

AEP 4.1 09/15/28

US845437BR25