EUROPEAN FIXED INCOME UPDATE: bonds pare post-US jobs losses
Analysis details (11:09)
Bunds remain ahead of their core debt peers and the Eurozone periphery, but failed to breach 151.00 that would likely have triggered stops and a potential full 360 degree turnaround from post-NFP bottom to top, while Gilts are still wary of the fiscal implications of life under a new Tory leader and US Treasuries are holding above par with the curve fractionally steeper irrespective of Usd 43 bn 3 year note issuance to kick off this week’s refunding. Indeed, the 10 year UK debt future is only just above last Friday’s 114.44 close vs its German counterpart +48 ticks and US equivalent up 6/32.
11 Jul 2022 - 11:09- Fixed IncomeResearch Sheet- Source: Newsquawk
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