EUROPEAN FIXED INCOME UPDATE: bonds still mainly in bear clutches

Analysis details (10:37)

US Treasuries regained some poise approaching a busy pm session (T-note grinding back towards the top of a tight 115-20+/14+ band), and perhaps in relief that supply is out of the way, but EU debt futures remained weak amidst a series of dead cat bounces and on the cusp of deeper retreats. However, Bunds held above a double low at 134.66 that looks increasingly pivotal as the corresponding 10 year hovered just shy of 2.40% and Gilts maintained 102.50+ status and the troughs seen in the last two sessions. Back to what lies ahead, retail sales and ip form the data highlights before the more timely preliminary UoM sentiment and potentially key inflation expectations, while Fed speak is provided by Goolsbee and Waller who may represent either side of the dove-hawk divide on this year’s FOMC.

14 Apr 2023 - 10:37- Fixed IncomeData- Source: Newsquawk