EUROPEAN FIXED INCOME UPDATE: bonds still going separate ways
Analysis details (10:55)
There may have been a lack of concession or simply too much caution to entice buyers ahead of the Fed and ECB, but the last outing for Germany’s 2.3% 2033 benchmark hardly drew a big crowd of investors even though the average yield was 12 bp higher than last time. However, the fallout in Bunds has been relatively limited within a 133.71-22 range and the core Eurozone bond may be gleaning some support from the firmer tone in T-notes that are hovering towards the top of a 113-00/112-24 band or the recovery in Gilts after yesterday’s collapse that is gradually gathering momentum on Liffe, as the latter extend gains on the day to 28 ticks, at 94.62. Looking ahead, US PPI data provides the filler pre-FOMC.
14 Jun 2023 - 10:54- Fixed IncomeData- Source: Newsquawk
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