EUROPEAN FIXED INCOME: bond bears on track to make it two from three

Analysis details (11:10)

It remains to be seen whether the pendulum swings again, but for now it seems that debt futures are destined for a midweek mauling as there reverse even further from Monday’s peaks. Bunds have dropped almost two full points from 155.96 peak to 154.06 trough and Gilts nearly 150 ticks between 115.91-114.59, while the T-note is towards the base of a 118-29/119-14+ overnight range. In terms of the catalyst, hot UK CPI and other inflation metrics were undoubtedly a prime fundamental factor, but the technical landscape has become increasingly negative as the clock ticks down to US retail sales data, Usd 15 bn 20 year issuance and the FOMC minutes. 

17 Aug 2022 - 11:10- Fixed IncomeData- Source: Newsquawk