EUROPEAN FIXED INCOME UPDATE: bonds regroup after regressing
Analysis details (10:53)
Bunds hit a bit of a supply snag as the new 10 year German benchmark almost flopped and would have sunk at launch without a hefty retention, but dip buyers stepped up to the plate yet again to keep them above par and on the 151.00 handle close to the 151.66 session high that eclipsed yesterday’s best by a single tick. Similarly, Gilts are holding 116.00+ terrain between 116.33-115.47 parameters following a raft of BoE commentary that mainly reaffirmed official policy guidance and the T-note is a fraction shy of 120-00 within a 120-03/119-21 range in advance of a speech by Fed’s Williams, the US services ISM and FOMC minutes.
06 Jul 2022 - 10:52- Fixed IncomeResearch Sheet- Source: Newsquawk
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