EUROPEAN FIXED INCOME UPDATE: debt futures find underlying bids on dips
Analysis details (09:54)
The boot remains on the other foot as Gilts and Treasuries outperform EGBs having trailed behind their Eurozone counterparts yesterday, but bonds are maintaining bullish momentum broadly or benefiting from dip-buying that are keeping them afloat. Bunds are holding towards the top of their 129.33-128.65 range, Gilts have extended to 93.51 from a 93.09 low and the T-note is also nudging new highs for the day between 106-16+/02 parameters. Meanwhile, BTPs are lagging ahead of Italian issuance having topped out at 110.70 and retreating to 110.15 awaiting the auction results.
31 Oct 2023 - 09:54- Research Sheet- Source: Newsquawk
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