EUROPEAN FIXED INCOME UPDATE: bonds get second safe haven wind
Core debt remains off early peaks, but the rebound from pull-back lows and a fairly brief period of consolidation is robust as risk sentiment sours significantly again. In short, the reports from Ukraine are getting increasingly worrying and indicate that the Russian assault is intensifying to the detriment of equities and alike, so Bunds, Gilts and US Treasuries are seeing another bout of buying interest to trade at 167.49, 121.57 and 127-09+ vs 168.01, 121.74 and 127-11+ at best. Looking ahead, the pm agenda is pretty busy and comprises some primary macro releases, Central Bank events/speakers and the Usd 50 bn 7 year T-note auction, but the latter is likely to be well received in the current climate regardless of any lack of concession and the rest could well be overlooked.
24 Feb 2022 - 10:46- Fixed Income- Source: newsquawk
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