EUROPEAN FIXED INCOME UPDATE: bonds concede more ground amidst risk revival
Analysis details (10:35)
EU stocks and US index futures have wobbled from time to time, but held the bulk of their recovery gains for the most part to keep debt pressured in a marked reversal of fortunes, and the latest leg lower is being led by Gilts alongside US Treasuries. Indeed, the former just retreated to 104.70 from 105.62 at best for a 111 tick loss on the day and the T-note slipped to 115-18+ from 116-06+ and last Friday's close just 3/32 shy of the overnight high, while Bunds have regained 137.00+ status compared to a 136.92 low (108 ticks below par). Ahead, UK CBI trades, Dallas Fed manufacturing, Usd 42 bn 2 year supply and lots more Central Bank speakers.
27 Mar 2023 - 10:35- Fixed IncomeResearch Sheet- Source: Newsquawk
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