EUROPEAN FIXED INCOME UPDATE: bonds remain adrift, but off worst levels
Analysis details (09:50)
Debt futures regained some poise after slipping to new intraday lows awaiting UK and German auctions in advance of a hectic US agenda that should provide ample interest before the spotlight turns to the Fed, and broadly weaker than expected manufacturing PMIs may have impacted along with a downturn in equities. However, consolidative trade is also likely to be a factor given the aforementioned looming FOMC followed by the BoE tomorrow and NFP on Friday. Bunds have bounced from 128.42, but remain below the 128.75 Eurex peak, Gilts are midway within a 92.63-91 range having rebounded a bit further in the interim and the T-note sits just above 106-00 in a narrow 105.27+/106-03+ band.
01 Nov 2023 - 09:50- Research Sheet- Source: Newsquawk
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