EUROPEAN FIXED INCOME UPDATE: debt futures fade all over again
Analysis details (10:55)
Gilts exhausted their powers of recovery not long after returning to Liffe, but Bunds extended their rebound beyond 135.00 to just a single tick from 135.12 that might have helped the 10 year German bond continue to retrace given the fact that this represents a 50% Fib of yesterday’s recoil from 135.60 peak to 134.64 trough. However, bonds look fatigued after their latest bounce, as the T-note hovers just shy of its overnight high within a 112-11+/111-29+ range ahead of a busy pm docket comprising US PPI, IJC, Philly Fed and housing data on top of a full quota of Central Bank speakers.
16 Feb 2023 - 10:55- Research Sheet- Source: Newsquawk
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