EUROPEAN FIXED INCOME UPDATE: debt futures fade and curves fractionally flatter
Analysis details (10:12)
Bonds have extended intraday ranges, but turnover has picked up on the downside to imply more conviction behind the retreat than the earlier bounce. Bunds topped out at 132.33 before recoiling to within a single tick of their prior session low, at 131.87 and other EGBs are probing fresh session troughs, while only the long end of the Treasury curve remains afloat in advance of EU and US supply. The T-note is treading water within a 109-10/19 range vs last Friday’s 109-14 close. Also ahead, more ECB speakers on some calendars, and of a hawkish bent in the guise of Nagel and Holzmann, and then the Dallas Fed Manufacturing Business Index.
28 Aug 2023 - 10:12- Research Sheet- Source: Newsquawk
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