EUROPEAN FIXED INCOME UPDATE: bonds back off, but retain/regain some traction
Analysis details (11:03)
It was looking very ominous and all too familiar for debt futures when payback for end of month, quarter and financial year excesses was in full flow, but the rot seems to have stopped pending the latest payrolls outcome or other key labour metrics if the headline number disappoints. Indeed, Bunds are firmly if not comfortably back on the 158.00 handle compared to a low of 157.71 on Eurex, Gilts are peering over 121.00 vs 120.55 and have been up to 121.19 for just a 4 tick loss on the day, and the 10 year T-note is hovering above 122-00 within 122-21+/121-28+ extremes awaiting NFP, but also the manufacturing ISM and Fed’s Evans.
01 Apr 2022 - 11:02- Fixed IncomeResearch Sheet- Source: Newswires
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