EUROPEAN FIXED INCOME UPDATE: bonds mount more pronounced recovery rally
Analysis details (10:51)
Following knee-jerk revivals on the back of US ISM services and German industrial orders, debt futures have racked up bigger and longer-lasting gains on a combination of bullish or supportive factors ranging from geopolitical developments, disinflationary vibes and a deeper reversal in oil that should have dovish implications for price pressures ahead. Bunds have been up to 135.57 for a 100+ tick flip from Eurex trough to peak, Gilts probed 97.00 within a 97.06-96.35 range in wake of a well received 2053 DMO tap, albeit at considerably higher yield and with a longer tail, and the T-note is above 114-00 between 114-06+/113-24 overnight parameters.
06 Jun 2023 - 10:51- Research Sheet- Source: Newsquawk
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