EUROPEAN FIXED INCOME UPDATE: bonds hit buffers after early bull run

Analysis details (10:27)

Little change on the fundamental front and only snippets of breaking news, but debt futures have drifted back down from intraday pinnacles and possibly on technical grounds. Bunds are much closer to 142.06 trough than 142.65 peak as the corresponding cash yield holds above 1.75%, Gilts have reversed into negative territory at 106.29 (-13 ticks on the day and circa half point off the initial Liffe high print) and T-notes continue to lag within a narrow 114-13+/03 band. Note also, the Eurozone periphery ran into resistance at or near key/significant levels, as OATs topped out at 137.51, BTPs just 4 ticks shy of 119.00 and Bonos a mere 3 ticks beyond 130.00.

07 Dec 2022 - 10:27- Fixed IncomeResearch Sheet- Source: Newsquawk