EUROPEAN FIXED INCOME UPDATE: bonds seem poised to recoup more losses

Analysis details (10:52)

In contrast to Monday at a similar juncture, debt futures appear prime to extend further to the upside after Bunds reached 136.38, Gilts 101.15 and the T-note 115-18+. Price action looks more constructive given shallower pull-backs and less pronounced bouts of consolidation, though it remains far too premature to make a judgement call ahead of a packed pm docket comprising top tier US data and yet more Fed officials either side of ECB President Lagarde. Meanwhile, there may be some reverberations from the UK’s 2063 syndication that drew Gbp 50 bn+ orders and will size at Gbp 5.5 bn awaiting the price.

16 May 2023 - 10:52- Research Sheet- Source: Newsquawk

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