EUROPEAN FIXED INCOME UPDATE: bonds still under pressure on balance
Analysis details (10:34)
Bunds staged a pretty impressive and spirited recovery after probing 133.00, but containing further losses to just 3 ticks before extending the topside of their Eurex range to 133.50. However, the semi-psychological level was not breached and sellers regained the upper hand to push the core EZ benchmark back below par amidst a bout of curve steepening. Similar price action in Gilts between wider 95.94-61 parameters and the T-note within a 113-07+/112-30 range ahead of US jobless claims data and details of next week’s Quarterly Refunding that could well be market-moving given the looming FOMC policy meeting and CPI data.
08 Jun 2023 - 10:34- Fixed IncomeData- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts