EUROPEAN FIXED INCOME UPDATE: cash buyers unfazed by fading futures
Analysis details (11:00)
Not a lot of respite for bonds even though the latest German and UK auctions drew solid demand at concessionary yields and the former was more than twice oversubscribed with a bit less retention. Instead, Bunds and Gilts are languishing near deeper intraday lows of 140.38 and 97.66 amidst a more pronounced pull back from recovery highs, while the T-note is closer to the base of its 112-24+9/113-17 overnight range ahead of a busy pm agenda, highlighted by the US services ISM, but also comprising another jobs proxy (of sorts) in the form of ADP before Fed’s Bostic takes to the stage again.
05 Oct 2022 - 11:00- Research Sheet- Source: Newsquawk
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