EUROPEAN FIXED INCOME UPDATE: bonds bounce, but off best levels
Analysis details (10:20)
There are fundamental reasons for the latest rebound in debt futures, like downbeat German and UK data and survey-based indicators, but Bunds and Gilts have eased off recovery highs at 159.64 and 121.50 on Eurex and Liffe respectively, as dip buyers remain all too aware that Wednesday’s revival proved to be far from a game-changer or lasting retracement. Meanwhile, US Treasuries are still underwater and the curve marginally steeper ahead of a relatively light pm agenda, bar more from the Fed via Williams and Barkin following pending home sales and final Michigan sentiment.
25 Mar 2022 - 10:19- Fixed IncomeResearch Sheet- Source: newsquawk
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