EUROPEAN FIXED INCOME UPDATE: bonds bunkered, but off lows
Analysis details (10:45)
Bears have regained the initiative after a short squeeze in debt that seemed risk-related on latest Russia-Ukraine developments, but Bunds, Gilts and US Treasuries are holding above worst levels within wider 136.46-135.88, 104.69-104.07 and 113-07/112-29+ respective ranges, latter for the T-note in keeping with a decent recovery in JGBs. Japanese bonds have bounced firmly after soothing comments from BoJ Governor in-waiting (according to various reports) Ueda that suggests he will keep the current ultra-easy stance in place for a while if he does replace Kuroda following his official nomination next week. On the contrary, strength in crude is keeping debt futures capped and eroding their safe-haven appeal.
10 Feb 2023 - 10:45- Fixed IncomeEconomic Commentary- Source: Newsquawk
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