EUROPEAN FIXED INCOME UPDATE: another false dawn or fade from highs
Analysis details (10:20)
The bubble has burst yet again for core EU bonds that were gathering momentum towards or just beyond midweek peaks before topping out and retreating to fresh intraday lows. Bunds got as far as 136.20 and Gilts 101.63 for gains of 32 and ¼ point on the day respectively, but are now down around 135.64 and 100.95 on no obvious grounds or new in terms of a catalyst bar festively frugal market depth that is exacerbating price action. In contrast, the 10 year T-note retains a bid within 113-29/19+ bounds ahead of US data and 5 year TIPS issuance that follows a sought after 20 year conventional offering.
22 Dec 2022 - 10:20- Fixed IncomeResearch 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