EUROPEAN FIXED INCOME UPDATE: almost deja vu for debt futures
Analysis details (10:36)
Not quite post-PMI proportions, but hardly any calm consolidation after the midweek storm either given the extended rally in Bunds to 133.36 from a 132.69 Eurex low and Gilts to 94.95 compared to an early 94.51 base on Liffe. Conversely, the T-note has lagged within a narrow 109-31+/109-24 range in similar vein as yesterday before its PMI boost, and perhaps conscious that initial claims, durable goods, Fed’s Harker and/or Collins could prompt downside pressure before the spotlight shifts to JH in earnest. Note also, Treasuries may be suffering a bit of a hangover from Wednesday’s rather sluggish 20 year auction.
24 Aug 2023 - 10:36- Research Sheet- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts