EUROPEAN FIXED INCOME UPDATE: bonds backtrack as sentiment stabilises

Analysis details (11:09)

It’s still too early and as yet unclear whether EU equities and broader risk appetite by inference will continue to improve in terms of completing a turnaround Tuesday. In fact, the jury has been out ever since APAC stocks couldn’t or chose not to pick up the recovery baton from their US peers and EU index futures pared back from best levels to leave cash bourses less supported off the open. However, there has been no real threat of trade returning to rout-like conditions or investors shunning riskier assets so debt futures remain depressed and in unwind safety premium mode as Bunds however towards the base of a 170.35-87 range, Gilts retreat towards 123.00 between 123.45-07 extremes and the 10 year T-note skirts 128-00 within a 128-12/01 band pre-US consumer confidence and 5 year supply.

25 Jan 2022 - 11:09- Fixed Income- Source: newsquawk