EUROPEAN FIXED INCOME UPDATE: bond bears picnic amidst Central Bank-fest
Analysis details (10:55)
Debt futures were firmer for a while, bar leggy or reticent US Treasuries, but resilience proved futile amidst the flock of Central Bank policy meetings and announcements and the path of least resistance was ultimately lower, especially after a hawkish Norges Bank hike. Bunds reversed through Wednesday’s low before finding some underlying support at 133.04, Gilts are losing more momentum within a 95.18-94.64 range as the clock ticks down to high noon at the BoE that is evenly priced to stick with 25 bp or go large at 50 bp, and the T-note is nearer 113-01 trough than 113-10 peak ahead of US jobless claims, existing home sales and more Fed speak.
22 Jun 2023 - 10:55- Fixed IncomeResearch Sheet- Source: Newsquawk
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