EUROPEAN FIXED INCOME UPDATE: debt futures fade as buying abates

Analysis details (11:13)

Italian bonds have waned markedly amidst talk of new longer-dated supply via syndication now that the drawn out Presidential Election process has ended with the familiar face of Matarella returning to the role. However, BTPs have only been a couple of ticks under par, while Bunds have reversed from just 7 ticks shy of 170.00 to 169.29 for a 73 tick loss on the day and through supports that were keeping the corresponding 10 year yield away from zero. Some speculation that stability in Italy, the re-election of the existing Socialist regime in Portugal and no deterioration in the situation over the Russia/Ukraine border may be undermining debt, as Gilts retreat to test opening Liffe lows and US Treasuries ease back from overnight recovery peaks before a relatively light Monday agenda, bar more from the Fed via Daly and George.

31 Jan 2022 - 11:13- Fixed Income- Source: newsquawk