EUROPEAN FIXED INCOME UPDATE: bonds continue to backtrack
Analysis details (10:56)
Bunds and their Eurozone cohorts have retreated further in wake of yet another reminder from the ECB, and President Lagarde no less, that further rate hikes are in the pipeline as outlined in her post-December policy meeting press conference. The core bond has been down to 138.49 for a 224 tick reversal from yesterday’s Eurex peak and only 96 tick gap before completing a full round trip to Monday’s w-t-d trough, while Gilts are just off a new 104.33 Liffe low vs 105.05 high and the T-note is closer to 115-09 than 115-21 awaiting a relatively light pm agenda in terms of data, but the final official words from Fed speakers before purdah ahead of next month’s FOMC.
20 Jan 2023 - 10:56- 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