EUROPEAN FIXED INCOME UPDATE: bonds braced for next big data point
Analysis details (10:38)
It goes without saying that the monthly US labour market report holds potential to move the dial and perhaps even alter the overall trend, but for now it seems that debt futures have plateaued and pushed the bounds of recovery far enough. Indeed, Bunds are close to 128.00 within their 128.17-127.79 intraday range having peaked on Monday at 128.50 and troughed at 126.62 on Wednesday, Gilts are midway between 92.86-53 stalls flanked by 93.71-91.50 w-t-d extremes and the T-note is sitting tight inside 107-10/02 confines compared to a high of 107-29+ and 106-03+ low. Roll on NFP and several ECB speakers scheduled alongside before Fed’s Waller gets a chance to respond to the data.
06 Oct 2023 - 10:38- Fixed IncomeResearch Sheet- Source: Newsquawk
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