EUROPEAN FIXED INCOME UPDATE: debt futures draw breath, but still gasping
Analysis details (11:03)
It would be far too remiss and premature to suggest that bonds have reached any meaningful turning point, but clearly there are indications of oversold conditions and evidence of apprehension in cash as the 10 year Treasury yield approaches 5%. Meanwhile, Bunds have held just above deeper lows protecting 127.00 and Gilts arrested their slide ahead of 91.00, at 127.28 and 91.19 respectively as the T-note hovers within a 105-12+/27 range awaiting the latest instalment of jobless claims, the Philly Fed, existing home sales and a host of Fed speakers headlined by Chair Powell.
19 Oct 2023 - 11:03- Fixed IncomeResearch Sheet- Source: Newsquawk
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