EUROPEAN FIXED INCOME UPDATE: bonds remain prone to more downside
Analysis details (10:32)
Debt futures have retreated from loftier intraday peaks that looked quite encouraging for EGBs especially at one stage, as Bunds secured what seemed like a firmer grasp of the 131.00 handle. However, the 10 year German benchmark is back below parity and probing a minor new Eurex close at the base of a 131.25-130.77 range vs last Friday’s 131.12 close, Gilts have reversed from 92.76 to a deeper 92.33 Liffe low (-40 ticks on the day) and the T-note is sifter within a 110-21+/13 overnight arrange with the curve steeper ahead of a relatively busy pm agenda for a Monday (not so much data-wise, but from a Fed rhetoric standpoint and given NY’s SCE).
10 Jul 2023 - 10:32- Research Sheet- Source: Newsquawk
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