EUROPEAN FIXED INCOME UPDATE: bond bears baited, but perhaps not sated
Analysis details (11:12)
Plenty of time and several risk events still to come, but for now the rot seems to have stopped for debt futures. Bunds, Gilts and the 10 year T-note are off worst levels between 153.01-151.121, 116.05-115.14 and 118-30/118-10+ extremes, but perhaps more pertinently for the Eurozone periphery at least, Italian BTPs are back above 123.00 within a 124.44-122.54 range pending the fate of PM Draghi’s patchwork regime that is fraying at the seams. Also ahead, US jobless claims and PPI for another gauge of inflation hot on the heels of CPI, ECB’s Centeno and then Fed hawk Waller on the economic outlook.
14 Jul 2022 - 11:11- Fixed IncomeEconomic Commentary- Source: Newsquawk
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