EUROPEAN FIXED INCOME UPDATE: a bit more range extension and divergence in debt
Analysis details (11:13)
Bonds remained fairly calm in comparison to recent sessions and that could be down to fatigue, caution before US labour data and/or pre-weekend position paring, but Bunds and their Eurozone peers are posting new intraday highs and perhaps dragging US Treasuries up with them, while Gilts are lagging behind and underperforming in the aftermath of all the UK political turmoil and no doubt uncertain about what lies ahead with new PM in terms of fiscal policy. The 10 year benchmarks are just above 151.00 between 151.17-150.42 parameters, near 118-15 within a 118-20/118-08 range and eyeing 115.00 to the downside from a 115.12 Liffe low vs 115.63 at best.
08 Jul 2022 - 11:13- Fixed IncomeResearch Sheet- Source: Newsquawk
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