EUROPEAN FIXED INCOME UPDATE: another debt cat bounce
Analysis details (11:18)
Perhaps the writing was on the wall for bonds when prices peaked below Thursday’s recovery highs and technicals turned bearish again, while consolidation after considerable curve flattening culminating in a correction could also be weighing on the long end. Whatever the catalyst or rationale, and month end factors compounded by pre-weekend positioning may be impacting as well, Bunds have recoiled to 169.69 (-47 ticks vs +6 ticks at best), Gilts to 122.22 (-40 ticks vs -3 ticks) and the 10 year T-note to 127-12 (-9/32 vs +1/32) in advance of a busy pm slate when PCE data will probably provide the main interest.
28 Jan 2022 - 11:17- Fixed IncomeData- 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