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- 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