EUROPEAN FIXED INCOME UPDATE: bonds divergent in the face of supply
Analysis details (10:51)
Bunds are grinding higher almost begrudgingly it seems in recognition of a very well received 2032 German auction, and the lack of positive reaction might be more technical following the early flurry that cleared a few chart hurdles, but not all standing in the way of 138.00. Meanwhile, Gilts have digested a so-so Green offering and US Treasuries are braced for the long bond sale that wraps up this week’s rather mixed Quarterly Refunding. The respective 10 year debt futures are midway between 136.92-137.77, 102.41-101.60 and 110-15+/02+ bounds, also awaiting more Central Bank speakers and Midterm election results, but ultimately looking toward US CPI tomorrow for clearer direction.
09 Nov 2022 - 10:51- 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