EUROPEAN FIXED INCOME UPDATE: bonds continue to chop, churn and consolidate
Analysis details (10:46)
It’s been gradual and rather random given no real obvious catalyst, but debt futures appear to have overcome earlier wobbles to reach new intraday peaks in what could be deemed a short squeeze ahead of this week’s big risk events. Bunds and their Eurozone peers are lagging, though the former just hit 140.81 compared to 140.26 for a 29 tick gain on the day, while Gilts halted just 3 ticks shy of 106.00 having been down to 105.31 vs their 105.43 prior settlement and the T-note is nearer 114-10+ than 113-29 to leave less concession for the upcoming refunding auctions (Usd 40 bn and Usd 32 bn 3 and 10 year notes respectively).
12 Dec 2022 - 10:46- Fixed IncomeResearch Sheet- Source: Newsquawk
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