EUROPEAN FIXED INCOME UPDATE: debt futures fade from loftier peaks
Analysis details (10:37)
Bonds remain firm, but off best levels regardless of a marked downturn in risk sentiment and it could merely be a loss of momentum following their rebound to fresh intraday or even weekly highs in the case of Gilts that stalled just five ticks shy of 95.00 before reversing to 94.51. Bunds have pared back towards 131.00 within a 131.47-130.93 range and the T-note is midway between 110-10+/109-31 bounds. Looking ahead, Fed’s Barr is due to speak before the pre-FOMC blackout period, but at a Fintech event, so this is likely to leave the stage clear for Canadian labour data to steer direction until the release of quarterly US fiscal statements and consumer credit for the month of July.
08 Sep 2023 - 10:37- Fixed IncomeResearch Sheet- Source: Newsquawk
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