EUROPEAN FIXED INCOME UPDATE: bonds pare back as stocks recoup some declines
Analysis details (10:45)
Far from panic stations over in terms of SVB contagion, but stress levels abated somewhat and bourses bounced from worst levels to sap demand for debt with Bunds back under 133.00 between 133.82-132.37 extremes, Gilts closer to 101.16 Liffe low than 102.06 apex and the T-note hovering around 112-00 within a 112-13/111-20+ overnight range. Moreover, bonds, equities and the rest may be lightening the load or squaring shorts as the spotlight shifts towards NFP and Canada’s labour market report due at the same time slot, and prior to ECB President Lagarde’s meeting with German Chancellor Scholz.
10 Mar 2023 - 10:44- 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