2012-when bad news becomes good news

Published 30 December, 2011, 10:25, CEST+1 | By the trader

Soc Gen’s top calls for 2012. Bad news will become good news, we just need some patience.

Key Call 1: Buy Gilts with Sterling exposure

Key Call 2: Buy US investment grade corporate bonds

Key Call 3: Buy 10Y US Treasuries, expect the curve to flatten

Key Call 4: Buy Emerging Asia curve steepeners (but caution on EM FX)

Key Call 5: Long US Dollar / Short Euro

Key Call 6: Long Gold / Short Oil

Key Call 7: Long European Telecoms / Short European Utilities (equity)

Full report here.