EUROPEAN FIXED INCOME UPDATE: bonds off worst levels, but still weak

Analysis details (10:49)

Far too early to make any definitive calls, but debt futures have regained some poise and are perhaps showing tentative signs of turning the tide that has been largely one-sided. Bunds are back above 127.00 within a 127.33-126.62 range and the 10 year German yield has retreated from just over 3% in consolidative or corrective trade rather than a reaction to mixed 2030 auction results, while Gilts recently topped 92.00, at 92.02 having been down to 91.50 on Liffe before the 2 year DMO sale that was relatively well received. Elsewhere, the T-note is also recovering between 106-03+/22+ parameters and the curve has flipped marginally awaiting ADP, the services ISM and a trio of Fed speakers. 

04 Oct 2023 - 10:49- Fixed IncomeResearch Sheet- Source: Newsquawk