EUROPEAN FIXED INCOME UPDATE: core bonds hit some snags

Analysis details (11:18)

Supply issues aside, debt futures are holding the bulk of their recovery gains and momentum after reaching fresh highs and waning, but Bunds, Gilts and US Treasuries will need to clear more chart hurdles to resume their retracement from end of January lows and fresh cycle highs in yield. Moreover, BTPs are still making room for an impending syndication, while Germany’s new Schatz hardly received a warm welcome even though the 2 year maturity matched the ECB’s depo rate and almost 20% of the offering was retained. Ahead, busy pm agenda, while bonds will be keeping tabs on headlines for geopolitical updates and one eye on Wall Street to see if yesterday’s late rally was purely for rebalancing or something more meaningful in terms of a correction following a bleak start to 2022. 

01 Feb 2022 - 11:17- Fixed IncomeGeopolitical- Source: newsquawk