EUROPEAN FIXED INCOME UPDATE: bonds under pressure pre-ECB
Analysis details (10:55)
Debt futures remain weak, albeit off worst levels after a retreat from early EU peaks amidst ongoing underperformance in Italian BTPs on political grounds alongside weakness in French OATs and Spanish Bonos amidst relatively heavy issuance. Bunds have pared some losses between 150.59-152.02 parameters around their 151.28 midweek close, while Gilts continue to lag within a 115.11-114.59 range vs Wednesday’s 115.18 Liffe settlement and the 10 year T-note is also nearer the bottom of a 117-31+/18 band. Ahead, all eyes and ears on the ECB and President Lagarde, but also attention on the US agenda that comprises IJC and the Philly Fed, with the CBRT, SARB and next chapter of the PM Draghi saga to unfod as well.
21 Jul 2022 - 10:55- Fixed IncomeEconomic Commentary- 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