EUROPEAN FIXED INCOME: bonds remain bid, but off best levels

Analysis details (10:56)

Sentiment still favours safe havens, albeit with a few exceptions where the Dollar is simply too strong for the like of the Swiss Franc and bullion, though debt futures have pared some of their gains, in part due to a loss of technical momentum and on fundamental grounds in the case of Bunds. In short, Germany’s Ifo readings all came in above consensus, irrespective of less upbeat elements within the accompanying commentary from the institute. Nevertheless, the core Eurozone bond is hovering below 154.00 within a 154.58-153.11 range, Gilts are not far from a new 118.27 Liffe low vs 119.01 high and the 10 year T-note is around 119-19 between 119-25+/118-26+ overnight parameters ahead of the US national activity index, Dallas Fed business survey, BoC speakers including Governor Macklem and ECB’s Panetta.

25 Apr 2022 - 10:55- Fixed IncomeResearch Sheet- Source: Newsquawk