EUROPEAN FIXED INCOME UPDATE: bonds bounce stealthily and steadily
Analysis details (10:30)
Debt futures have been choppy at the start of another week containing a decent spread of event-risk, and certainly got off to a lively start thanks to the BoJ-induced swoon in JGBs. However, the recovery from lows was more gradual and measured, albeit probably understandable in the case of Japanese bonds that were hit so hard, with Bunds recently up to 130.92 compared to 130.66, Gilts paring losses to 50 ticks from 60 ticks at 94.28 and the T-note midway between 109-20/29 confines. Ahead, the latest NY Fed SCE and first leg of refunding in the form of Usd 44 bn 3 year supply.
11 Sep 2023 - 10:30- Research Sheet- Source: Newsquawk
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