have a look to the chart attached...
- Q2 should be good for banks and Rate environment still good
- US Bank start reporting in 2 weeks, could be a catalyst to see so me Outperformance
- for now we'll be long of BNP, DBK and mostly short of CS, GLE & BARC in relative trades, but I would rather be long ther sector vs the market
- spread is trading almost on year low levels.
