EUROPEAN FIXED INCOME UPDATE: bonds fade broadly and BTPs especially
Analysis details (10:24)
It’s not easy to pinpoint one decisive factor, but suffice to say that debt futures waned markedly with Bunds now over one full point off best levels and dipping below parity at 140.35 vs last Friday’s 140.49 Eurex close, Gilts close to their 107.02 Liffe low than 107.66 peak and the T-note paring back to 113-08 within a 113-17/113-02+ range. However, Italian bonds are beating an even hastier retreat between wide 120.26-118.87 extremes and supply could well be the issue as month end supply looms on Tuesday and a new 6 year maturity is up for exchange today. Note also, ECB’s Knot has been talking typically hawkishly and China has vowed to do more to stop the latest pandemic wave and prevent the worst of its economic fallout.
28 Nov 2022 - 10:24- Research Sheet- Source: Newsquawk
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