EUROPEAN FIXED INCOME UPDATE: bonds shed gains as sentiment improves
Analysis details (10:20)
It looks like the ECB, EBA and SRB have instilled some calm after the latest storm with assurances over the banks’ AT1 capital after FINMA insisted that the nominal value of Credit Suisse’s Additional Tier 1 debt was completely written down as part of the agreement of its purchase by UBS, as EU stocks have regained enough poise to trade above parity and debt has retreated further from best levels. Indeed, Bunds are back below 139.00 within their wide 137.10-140.30 extremes, Gilts nearer 106.26 than 107.33 and the T-note just above 116-00 between 116-24/114-25 parameters.
20 Mar 2023 - 10:20- Fixed IncomeResearch Sheet- Source: Newsquawk
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