EUROPEAN FIXED INCOME UPDATE: bond romp stomped
Analysis details (11:05)
There could be a number of reasons for the latest downturn in debt futures, ranging from month end demand drying up to some competition from equities as they hold near intraday highs, technical or psychological resistance and a degree of hawkish Central Bank resonance following the Riksbank’s QE tapering. However, whatever the rationale, Bunds performed yet another near full point reversal from 156.00 to 155.03, Gilts retreated from 119.68 to 119.08 and the 10 year T-note backed off from 120-01 ahead of a decent pm docket housing German inflation data, advance US Q1 GDP and the Usd 44 bn 7 year auction.
28 Apr 2022 - 11:04- Fixed IncomeResearch Sheet- Source: Newsquawk
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