EUROPEAN FIXED INCOME UPDATE: bonds remain reflated, but off best levels
Analysis details (10:56)
Debt futures retain hefty recovery gains on the day and even more so from the depths of US CPI data on Thursday, with Bunds well within a 136.75-138.52 range vs their prior 136.22 prior close, Gilts back above 97.00 between 97.89-95.90 parameters from yesterday’s 94.52 Liffe settlement amidst another report that some economic plans may be reversed by the PM later today (sourced and unconfirmed it should be noted), and the T-note towards the top of its 111-14/110-27 overnight extremes. Ahead, US retail sales are likely to prompt more price action given their erratic nature, but could well be overshadowed by any official announcements from Westminster after UK Chancellor Kwarteng returns from Washington.
14 Oct 2022 - 10:56- Fixed IncomeData- Source: Newsquawk
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