EUROPEAN FIXED INCOME UPDATE: bonds pare some losses after sharp pullback
Analysis details (10:24)
Debt futures look somewhat caught in consolidation mode having lost upside momentum last Thursday and fading close to peaks forged on the final session of the week, but also eyeing developments in China where the coronavirus is spreading and forcing more big/influential parts of the country to take higher levels of protection. As such, Bunds have bounced from a deeper 139.55 Eurex low after fairly hawkish guidance from ECB’s Lane, Gilts are holding above their lower 105.21 Liffe base and the T-note is treading water above 112-00 having peaked at 112-17+ and troughed at 112-04 ahead of the US National Activity Index, 2 and 5 year supply brought forward from later in the week on account of Thanksgiving.
21 Nov 2022 - 10:24- Fixed IncomeResearch Sheet- Source: Newsquawk
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