EUROPEAN FIXED INCOME UPDATE: bonds continue to reverse course
Analysis details (10:59)
Cash buyers were clearly content with the level of concession that came with German and UK issuance given relatively strong covers, but there has been little recognition of the auction results in debt futures that remain well below par and closer to lows than highs. Bunds held just above 156.00, at 156.07 earlier, Gilts even nearer 116.50, at 116.52 and the T-note at 119-19 against the backdrop of stronger risk appetite and more retracement in bonds after yesterday’s pronounced bounce. Ahead, several NA data points, including Canadian inflation, US housing starts and building permits plus ip.
16 Aug 2022 - 10:58- Research Sheet- Source: Newsquawk
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