EUROPEAN FIXED INCOME UPDATE: bond revival resumes as aversion rumbles on
Analysis details (11:08)
Debt futures are extending higher, with the exception of Gilts that could be biding time to see what Friday’s UK consumption data brings, rather than paying too much heed to a rise in CBI industrial orders even though encouraging, with Bunds up to 154.14 at best (+120 ticks on the day) and the 10 year T-note edging closer to 120-00, at 119-30+ (16/32+ above the midweek close). Renewed pressure on equities has prompted another bout of bond buying and no doubt fuelled by a deeper retreat in crude before reports that China is looking to tap Russia to top up its SPR. Ahead, ECB minutes, US jobless claims and Philly Fed before a couple of ECB speakers.
19 May 2022 - 11:07- Fixed IncomeResearch Sheet- Source: Newsquawk
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