EUROPEAN FIXED INCOME UPDATE: bonds extend losses after latest lame bounce
Analysis details (10:21)
Debt remains drawn down the path of least resistance as bears retain the upper hand following yet another false dawn and fade before futures got a chance to lay firmer grounds for recovery. Bunds could have established a more solid foundation beyond 134.43-49 earlier, but fell short at 134.36 before proving a cluster of recent lows to hit 133.61, Gilts got to within 2 ticks of 101.00 and subsequently recoiled to 100.11 and the T-note topped out at 111-16 vs a recent 111-07 low. Looking ahead, a busy agenda on the eve of month end continues with more US data, Central Bank speakers and a possible breakthrough in the NI trade impasse between the UK and EU, but next up Eur 4 bn dual NGEU issuance.
27 Feb 2023 - 10:21- Research Sheet- Source: Newsquawk
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