EUROPEAN FIXED INCOME UPDATE: bonds tense and twitchy pre-ECB/US data
Analysis details (10:51)
Debt futures have extended ranges to the downside, but after filling gaps between opening and closing levels there was little follow-through selling as Bunds met bids only two ticks below par at 130.41, Gilts nine ticks underwater at 95.37 and the T-note 3/32+, thus far. However, US Treasuries are trading with a heavier bias than their European peers as the countdown continues to the ECB (25 bp hike expected, but significant ‘minority’ in the no change camp) and more top tier US macro releases including retail sales, jobless claims, producer prices and business inventories.
14 Sep 2023 - 10:51- Research Sheet- Source: Newsquawk
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