EUROPEAN FIXED INCOME UPDATE: core bonds test and respect round numbers
It might be too obvious to suggest that debt futures stalled due to psychological barriers, but Bunds only popped a solitary tick over 166.00 before waning and remain off best levels after a somewhat sluggish 2050 tap, with the higher bid/cover ratio rather flattering given the larger retention and still quite considerable concession even allowing for today’s yield regression. Similarly, Gilts ran out of gusto just 6 ticks shy of 121.00 in advance of BoE's Pill and the 10 year T-note topped out at 126-29 ahead of Usd 37 bn supply and a duo of Fed speakers of which Mester appears the more compelling given the subject matter.
09 Feb 2022 - 10:56- Fixed IncomeEconomic Commentary- Source: Newsquawk
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