EUROPEAN FIXED INCOME UPDATE: bonds succumb to more selling pressure
Analysis details (11:04)
It looks increasingly like a technical retracement rather than an asset reallocation given that equities are some way off best levels, but debt futures have fallen to fresh session lows and through more downside chart levels in the process. Bunds have been down to 146.56 (138 tick below par, Gilts to 113.18 (-79 ticks on the day) and the 10 year T-note just shy of 117-00, at 116-31 vs 117-13 at the overnight peak, awaiting US durable goods and front-loaded supply (2 and 5 year auctions) plus the start of Sintra and more from the G7.
27 Jun 2022 - 11:03- Fixed IncomeResearch Sheet- 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