EUROPEAN FIXED INCOME UPDATE: BTPs hold up well in face of latest bond rout
Analysis details (10:52)
Gilts are on track to complete a round trip from post-UK CPI recovery peak to trough as the 10 year benchmark hovers on the brink of 95.00 vs Wednesday’s 94.94 low, at 95.10 and the renewed pressure is spilling over to Bunds and the T-note that just hit new intraday lows at 133.56 and 113-00 respectively. However, Italian debt is outperforming or coping much better given the overall negative tone in wake of well received month-end issuance, as attention turns to the PM agenda that comprises US jobless claims, the second look at Q1 GDP, more Central Bank speakers and 7 year note supply.
25 May 2023 - 10:52- Research Sheet- Source: Newsquawk
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