EUROPEAN FIXED INCOME: bonds bounce, but remain broadly underwater
Analysis details (11:01)
Debt futures have regained some poise after their latest sell-off to extend topside ranges across the board, with Bunds back above 153.00, Gilts reaching 117.84 from a 117.55 Liffe low and the 10 year T-note closer to 118-17+ than 118-07. However, big gaps remain between intraday peaks and yesterday’s session highs, while the 10 year German benchmark has not gleaned much in the way of independent or indirect encouragement from well received Green issuance as bonds continue to trade defensively ahead of the Fed and a decent agenda prior to that, including ADP, the Treasury’s Quarterly Refunding details, final non-manufacturing and composite PMIs and the services ISM.
04 May 2022 - 11:01- Fixed IncomeResearch Sheet- Source: Newsquawk
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