EUROPEAN FIXED INCOME UPDATE: debt futures back on firmer ground
Analysis details (10:52)
Having reversed further from peaks to deeper troughs, bonds are slowly regaining composure amidst a downturn in broad risk sentiment and following well covered auctions, with investors particularly keen on going Green as Germany’s Bobl drew 3.6 times more bids than the Eur 1 bn on offer. However, Bunds, Gilts and the T-note remain midway between 134.67-07, 96.87-51 and 114-02+/113-26 bounds ahead of the PM agenda that includes US and Canadian trade data before the BoC policy meeting that could well be the highlight given split opinions over the outcome - ‘consensus’ no change in rates, but market expectations 50-50 for pause or 25 bp hike.
07 Jun 2023 - 10:52- Fixed IncomeResearch Sheet- Source: Newsquawk
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