EUROPEAN FIXED INCOME UPDATE: bonds remain restrained pre-BoC/FOMC
Analysis details (10:49)
Notwithstanding, hawkish perceptions surrounding both NA Central Bank meetings scheduled for Wednesday, debt futures are mostly conceding ground to the ongoing and more pronounced risk recovery, but Bunds did not make enough room for 10 year German issuance it seems as demand dipped below the level seen last time. On the plus side, the retention rate was lower and losses have been contained to just a single tick under yesterday’s Eurex low, while Gilts have popped back above 123.00 from 122.96 (-35 ticks on the day) and the 10 year T-note is holding in between 128-08+/02 parameters before the major scheduled midweek events. Note also, data is due in the form of US trade and new home sales, plus Usd 26 bn 2 year FRNs.
26 Jan 2022 - 10:49- Fixed IncomeData- Source: newsquawk
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