EUROPEAN FIXED INCOME UPDATE: bond bears at large as June draws to a close
Analysis details (10:51)
Barring a big about-face and spree of late buying or short covering for the turn of the month, quarter and half year, debt futures appear destined for a bleak finish and further losses as Bunds, Gilts and the T-note hover precariously over deeper intraday lows, at 133.09, 94.71 and 111-25+ respectively. However, there may be scope for some fundamental respite if US core and/or headline PCE miss consensus, while technical and psychological levels could also provide support in the event of renewed pressure, assuming 2.50%, 4.50% and the 4% levels hold, not to mention pivotal chart resistance in advance.
30 Jun 2023 - 10:51- Fixed IncomeResearch Sheet- Source: Newsquawk
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