EUROPEAN FIXED INCOME UPDATE: bond revival continues and gathers momentum
Analysis details (10:23)
Bunds and their Eurozone peers have squeezed higher alongside US Treasuries as the baton passed from Gilts and debt futures extended their recovery rally to 139.75 and 111-15 amidst a general reversal of fortunes after the turn of the month. However, the major early November risk events lie ahead and come thick and fast after the FOMC on Wednesday in the form of the BoE and then NFP. More immediately, a busy pm agenda houses the final US manufacturing PMI, ISM, JOLTS and construction spending. Back to Liffe, the 10 year UK benchmark is holding above 103.00 comfortably enough, but off 103.64 peak awaiting the start of QT.
01 Nov 2022 - 10:23- Fixed IncomeData- Source: Newsquawk
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