EUROPEAN FIXED INCOME UPDATE: bonds continue to bear-flatten in corrective trade
Analysis details (10:57)
No real meaningful bouts of consolidation in debt futures amidst the ongoing retracement from recent highs and the short end of the curves are still leading the way in wake of a fairly well received Schatz auction, all things considered. However, Bunds finally found some underlying bids and support ahead of 135.50, at 135.55 to be precise having taken out a supposedly key downside technical level at 135.80 to keep a lid on the corresponding 10 year yield just above 2.30%. Gilts have also pared some losses from a deeper 103.45 Liffe low alongside the T-note that is hovering near its fresh 114-18 intraday base, as 2 year cash tops 4% following a weak note auction on Monday and eyeing Usd 43 bn 5 year supply.
28 Mar 2023 - 10:57- Research Sheet- Source: Newsquawk
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