EUROPEAN FIXED INCOME UPDATE: bonds back off after scaling new heights
Analysis details (11:07)
It seems as though debt futures may have reached the limits of their recovery powers or were bordering on the edge of overbought territory given the subsequent reversal and acceleration in turnover. Bunds may also have thought twice about extending beyond 149.00 for psychological reasons and the fact that the fresh peak equates to a pretty remarkable 419 tick rebound from Thursday’s Eurex low. Gilts topped out at 114.55 vs yesterday’s 111.93 Liffe base and the 110.57 w-t-d low, while US Treasuries are back below par, but have been more restrained in comparison with the curve a bit steeper pre-new home sales data and further Fed commentary.
24 Jun 2022 - 11:06- Fixed IncomeResearch Sheet- Source: Newsquawk
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