EUROPEAN FIXED INCOME UPDATE: debt futures diverge after upside extension
Analysis details (10:25)
US Treasuries have been lagging awaiting the return of cash participants after Friday’s early close and likely in consideration of this week’s refunding that has been compressed into two days instead of the usual three for settlement reasons. Nevertheless, the T-note is off worst levels within a 108-06/14 range and Bunds have pared gains along with Gilts following their earlier advances to 130.52 and 95.90 respectively, largely due to a loss of recovery momentum, though also ahead of EU supply.
27 Nov 2023 - 10:25- Research Sheet- Source: Newsquawk
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