EUROPEAN FIXED INCOME UPDATE: bonds reprieved by well received auctions
Analysis details (10:50)
It was looking increasingly ominous for debt futures as chart supports gave way in Bunds, Gilts probed 101.00 to the downside and BTPs tested support into 112.00 before decent demand for cash emerged via German, UK and Italian sales and provided some respite. Indeed, the core Eurozone bond is now eyeing 134.00 again from a new 133.63 intraday and y-t-d low, while its Liffe peer is back above the round number vs 100.94 and the peripheral counterpart has reclaimed 112.50+ status. Elsewhere, the T-note is flat within 111-08+/110-30+ bounds awaiting Usd 43 bn 5 year supply, FOMC minutes and remarks from Fed’s Williams.
22 Feb 2023 - 10:50- Research Sheet- Source: Newsquawk
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