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- Fixed IncomeData- 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