EUROPEAN FIXED INCOME UPDATE: debt fades after early EU upside foray
Analysis details (11:17)
Bonds remain bid to varying degrees, but some distance from best levels forged amidst a flurry of buying on stops and a more pronounced short squeeze that pushed benchmarks through loftier psychological and technical hurdles. Bunds are back below 153.00 within 153.80-152.64 extremes, Gilts under 116.00 between 116.39-115.75 bands and the 10 year T-note around the middle of its 118-29+/118-13 range ahead of a busy agenda to round off what has already been another extremely volatile week. In terms of what lies ahead, US retail sales, ip, Empire State and Michigan survey releases, with a speech by Fed’s Bostic sandwhiched in between.
15 Jul 2022 - 11:17- Fixed IncomeResearch Sheet- Source: Newsquawk
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