0517 GMT - Norway's 20-year government bond looks expensive on most metrics, Danske Bank's Jens Peter Sorensen says in a note. "Hence, we would prefer to buy 10-year Norwegian government bonds rather than 20-year Norwegian government bonds," the chief analyst says. That said, Danske still likes NGBs, especially given pressure on eurozone government bonds and U.S. Treasurys from issuance and likely more rate hikes by the European Central Bank and the Federal Reserve, he says. On Wednesday, Norges Bank will auction 3 billion Norwegian kroner in April 2028- and September 2046-dated bonds.
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