EUROPEAN FIXED INCOME UPDATE: bonds off best levels and mixed

Analysis details (10:32)

Some signs of investor angst or at least a realisation that it may take more concession to ensure a decent reception for UK issuance given a bigger DMO remit post-Autumn Statement. Indeed, Gilts have retreated a bit further from best levels to probe 96.00 within a 96.47-95.89 range in wake of the 2053 auction that was covered comfortably enough, but came with a lengthier tale, while Bunds retain 131.00+ status between 131.65-20 parameters and the T-note has slipped towards 108-27 from 109-03+ ahead of the final leg of Treasury refunding and a raft of Fed speakers. 

28 Nov 2023 - 10:32- Research Sheet- Source: Newsquawk