EUROPEAN FIXED INCOME UPDATE: bond bears still prowling
Analysis details (10:10)
Further bear-steepening in core debt and more pronounced inversion along parts of the curve as most global Central Banks set about tackling inflation and play down the prospect of stagflation in the process. However, Bunds are holding just above worst levels seen last week and the 10 year yield is around 40 bp, Gilts respected 122.00 in futures terms, but not 1.50% in cash and the T-note is towards the base of a 124-06/18 range with the yield just shy of 2.2%. Ahead, Fed speakers including Bostic on jobs and the economic outlook and chair Powell at a NABE event, plus the national activity index.
21 Mar 2022 - 10:10- Fixed IncomeResearch Sheet- Source: newsquawk
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