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- Fixed IncomeData- Source: Newsquawk
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