EUROPEAN FIXED INCOME UPDATE: bond rout resumes after brief timeout

Analysis details (10:58)

US Treasuries are treading water and the curve is on a more even keel, but in context and consolidation after suffering heavy losses amidst re-flattening yesterday when consumption data exceeded consensus by some distance. Conversely, UK debt has been battered post-CPI and EGBs partly due to contagion, but also in consideration of specific factors, like budget financing for Italy and syndicated supply in the case of Spain. Latest lows for Gilts, Bunds, BTPs and Bonos are 92.51, 127.69, 108.11 and 116.89 respectively before some the respective in wake of a decent German 10 year auction. However, 20 year US issuance looms and the recent run of offerings somewhat shunned. Also ahead, US housing data and more Central Bank speakers.

18 Oct 2023 - 10:58- Fixed IncomeResearch Sheet- Source: Newswires