EUROPEAN FIXED INCOME UPDATE: bonds somewhat betwixt and between
Analysis details (10:58)
Debt futures remain mixed against the backdrop of renewed risk appetite just a day after rallying in unison on geopolitical developments and the rationale for divergence is not that clear cut. Bunds may have seen a bit more slippage towards 129.00 between 129.47-01 bounds on the back of hawkish rhetoric from ECB’s Holzmann (may yet have to raise rates another one or two times), while Gilts continue to tread water within a 93.39-81 range in corrective trade and the T-note consolidates towards the base of 107-16/30+ parameters awaiting the return of cash markets from the Columbus Day holiday and a busier agenda. On that note, wholesale sales, NY Fed consumer expectations, more Fed speakers and Usd 46 bn 3 year supply looms after a dip in NFIB business optimism.
10 Oct 2023 - 10:58- Fixed IncomeResearch Sheet- Source: Newsquawk
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