EUROPEAN FIXED INCOME UPDATE: bonds remain depressed, but off lows
Analysis details (10:53)
Debt futures have recouped some losses after plunging further into negative territory, and arguably in relief that supply has not prompted any additional pressure from a demand perspective, albeit with the UK’s 2039 tap not quite as well covered irrespective of a significantly higher yield and Germany’s Schatz requiring a bigger retention to avoid technical failure. Bunds are holding above worst levels within a 130.57-131.26 range, Gilts midway between 92.51-99 confines and the T-note just over their 109-22 overnight base in advance of a busy US agenda comprising NY Fed manufacturing, retail sales, import/export prices, business inventories and the NAHB index all before Fed’s Kashkari.
15 Aug 2023 - 10:53- Fixed IncomeData- Source: Newsquawk
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