EUROPEAN FIXED INCOME UPDATE: core bonds mixed and off peaks
Analysis details (11:03)
Some signs of decaying demand at auction amidst the debt rout, but no disastrous results or technical failures as Gilts attempt to stop the rot and build a firmer platform to claw back heavy losses after reaching 97.43 at one stage (+127 ticks compared to -66 ticks at the Liffe low). Meanwhile, Bobls are holding nearer the top of a 119.17-118.53 range vs Monday’s 119.04 Eurex close, Bunds are around 138.50 within 138.75-137.66 bounds, in contrast to ongoing underperformance at the Eurozone margins, and the T-note remains firm between 111-25+/111-02 parameters ahead of a busy US agenda including data, Fed and plenty of other Central Bank speakers, plus Usd 44 bn 5 year supply.
27 Sep 2022 - 11:03- Research Sheet- Source: Newsquawk
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