EUROPEAN FIXED INCOME UPDATE: debt futures divergent after early retracement

Analysis details (10:47)

EGBs have been perky at the periphery for the most part and JGBs were boosted by a dovish BoJ sources piece, but the marked rebound in Gilts was somewhat abrupt and without obvious rationale given the ongoing lack of UK data or pertinent events. Nonetheless, the 10 year bond extended its range to 96.58 from 95.99 before losing some steam, while Bunds and the T-note are straddling respective closing levels between 133.85-51 and 113-23/13 parameters in largely consolidative and erratic trade ahead of the Fed and ECB next week.

09 Jun 2023 - 10:47- Research Sheet- Source: Newsquawk

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