EUROPEAN FIXED INCOME UPDATE: bonds veer back down the path of least resistance
Analysis details (10:06)
Debt futures have diverged somewhat in rather aimless and random fashion awaiting Friday’s headline scheduled events starting with NFP on the data front and followed by the US services ISM in terms of surveys. However, Bunds, Gilts and the T-note to a lesser extent are all off best levels having attempted several recovery rallies within 92.99-67, 94.61-23 and 107-18/12+ respective ranges. UK debt may have seen a bit of downward pressure in wake of marginal upgrades to final services and composite PMIs, but EGBs did not budge when Eurozone unemployment unexpectedly ticked up.
03 Nov 2023 - 10:06- Research Sheet- Source: Newsquawk
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