EUROPEAN FIXED INCOME: bonds on track for bearish turnaround Tuesday
Analysis details (11:08)
Debt futures are extending declines on the day with increasing regularity and much less frequent or sustained periods of consolidation, which is often the pattern when markets retrace after a rally or rebound in this case. Bunds have been down to 158.40 and just over a full point off best levels, while French OATs are testing 150.00 amidst heavier losses that could be attributed to political premium given latest French election polling pitting a close second round race between Macron and Le Pen. Elsewhere, Gilts saw little comfort from reasonable DMO sale and are near a new 121.17 Liffe low (71 ticks sub-par) and the 10 year T-note is close to its 121-22+ overnight trough ahead of the US services ISM and a raft of Fed speakers.
05 Apr 2022 - 11:07- Fixed IncomeResearch Sheet- Source: Newsquawk
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