EUROPEAN FIXED INCOME UPDATE: bonds fizzle following French inflation pop
Analysis details (10:55)
Debt futures had already pared back from post-French CPI peaks before Germany’s unexpected unemployment rise and better than forecast Italian/Eurozone GDP data, but another poorly received 2 year German offering pushed the Schatz contract down further from best levels and Bunds in sympathy. However, the latter is holding off lows having been up to 137.30 and Gilts are actually underperforming off a new and sub-par Liffe trough, at 104.32 vs 105.08 at one stage for little obvious reason other than another unconvincing breach of the 105.00 mark (105.05 was the pinnacle on Monday for reference). Elsewhere, US Treasuries are treading a finer line mostly just in positive territory, with the T-note midway between 114-19/09+ ahead of ECI and consumer confidence on day 1 of the FOMC.
31 Jan 2023 - 10:55- Fixed IncomeData- 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