EUROPEAN FIXED INCOME UPDATE: bonds underperform as curves steepen
Analysis details (11:08)
It’s still extremely erratic and frequently fickle, but selling upticks in 10 year debt futures is proving profitable as only the short end along Eurozone and US curves appears to be gleaning any traction from the plunge in stocks via the asset-switching channel. Indeed, Bunds remain under par within a 168.67-167.44 range and Gilts closer to their new 125.01 Liffe low compared to 125.71 best, while the 10 year T-note straddles its prior closing level between 129.04 peak and 128-11+ trough. Looking ahead, a very light pm agenda even for a Monday, but Russia’s latest meeting with Ukraine aimed at a real truce will be key anyway.
07 Mar 2022 - 11:04- 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