EUROPEAN FIXED INCOME UPDATE: bonds bunkered and braced for PCE
Analysis details (10:45)
Debt futures failed to build on any positives, like a third well received US auction or initial/early bounces, and have extended to the downside instead in continuation of the post-US GDP, IJC and Durable Goods Orders price action. Bunds breached a few more interim chart supports before finding underlying bids ahead of 137.00, at 137.09, Gilts traded down to 104.30 and the 10 year T-note got to within 1/32 of the current 114-14 w-t-d trough from Tuesday. All eyes now on the upcoming PCE release rather than final Michigan sentiment survey findings that should not have much bearing barring major revisions.
27 Jan 2023 - 10:45- Research Sheet- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts