EUROPEAN FIXED INCOME UPDATE: bonds toil ahead of NA labour reports
Analysis details (10:40)
EGBs have been attentive to data, but more prone to selling into upticks amidst a raft of ECB speakers underscoring the message that rates are heading higher regardless of the slower pace of tightening. Hence, bounces in Bunds have been of the dead cat variety and they are currently hovering above a deeper 136.19 Eurex low along with Gilts and the T-note, at 101.23 and 116-03 respectively awaiting US NFP and Canada’s LFS, latter to a lesser degree for further direction before comments from Fed’s Bullard and Cook. However, any renewed angst in the regional banking sector could turn the tide again for debt futures, especially ahead of the weekend.
05 May 2023 - 10:40- Fixed IncomeResearch Sheet- Source: Newsquawk
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