EUROPEAN FIXED INCOME UPDATE: debt futures collapse amidst hawkish hype

Analysis details (11:01)

Bonds have been very volatile again, but ultimately on the back foot again even though risk assets are experiencing another heavy bout of selling as rate hike fever continues to ratchet up and reach new peaks before falling off against the backdrop of rising stagflation, stagnation and/or recession expectations. Bunds, Gilts and the T-note are just off new lows at 145.92, 112.33 and 115-30+ respectively as equivalent 10 year yields probe fresh highs of 1.57%+, almost 2.5% and 3.25% and there is less and less in terms of support and resistance, bar a trendline in the 10 year German benchmark at 145.77 and Fib for its US peer at 115-26+, aside from the obvious psychological levels in proximity. 

13 Jun 2022 - 11:00- Fixed IncomeResearch Sheet- Source: Newsquawk