EUROPEAN FIXED INCOME UPDATE: bonds bears sated or still bated?
Analysis details (11:00)
It would be rash, if not foolish to suggest that debt futures may have finally hit rock bottom and yields the peak of their ambitions, but there has been some retracement from a fresh cycle low at 152.66 in Bunds, an intraday trough at 117.39 for Gilts and 118-04 in the 10 year T-note amidst resistance in cash at psychological levels of 1%, 2% and 3% respectively. Hence, it is conceivable that certain targets have been achieved with a nice symmetry and whole number feel were it not for the fact that the Fed looms large and could propel the largely hawkish global Central Bank policy vibe to new, higher level.
03 May 2022 - 11:00- Fixed IncomeResearch Sheet- Source: Newsquawk
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