EUROPEAN FIXED INCOME UPDATE: bonds mixed after reasonable auctions
Analysis details (10:53)
EU debt futures are hovering off best levels seen in advance of 2 and 5 year issuance from Germany and the UK respectively that drew decent if not healthy demand given relatively attractive yields (3%+ and not far off 5%). However, Bunds and Gilts retain the bulk of their recovery gains having peaked at 132.94 and 94.52 approaching the end of a much more constructive am session compared to Monday, and this has helped to lift US Treasuries off worst levels seen in corrective trade awaiting US data and a fairly busy slate of Central Bank speakers scheduled during the second half of what could be a turnaround Tuesday session for bonds.
20 Jun 2023 - 10:53- Fixed IncomeResearch Sheet- Source: Newsquawk
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