EUROPEAN FIXED INCOME UPDATE: bonds fade from lofty post-PMI peaks
Analysis details (10:48)
No shock that 7 year German supply was snapped up in the current very debt friendly clime, but debt futures have paused for breath after extending gains in reaction to feeble rather than flash EU PMIs that have prompted a dovish re-pricing of ECB and BoE rates. Bunds extended to 132.49 before waning, Gilts reached 93.74 bat best and the T-note tagged along between 109.16+/00+ parameters awaiting the prelim US surveys, plus weekly MBA mortgage applications, new home sales, Canadian retail sales, Eurozone consumer confidence and the Usd 16 bn 20 year sale.
23 Aug 2023 - 10:48- Research Sheet- Source: Newsquawk
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