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- Research Sheet- 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