EUROPEAN FIXED INCOME UPDATE: debt futures fizzle out after upside forays
Analysis details (11:22)
It’s almost deja vu for bonds, though the latest retreat came earlier than yesterday by virtue of the fact that flash Eurozone inflation data hit the screens three hours before Thursday’s German release. Meanwhile, Italian BTPs are now as weak if not weaker than peers in wake of multi-tranche month end issuance that was taken down, but not really snapped up. Bunds are just off a 153.67 low vs 154.69 high as the trend of wide daily ranges continues, Gilts are flat having extended gains to 49 ticks on the day at one stage and the 10 year T-note is below par within a 119-24/04+ range ahead of US PCE inflation that could stoke Fed rate hike fires after yesterday’s GDP contraction.
29 Apr 2022 - 11:22- Fixed IncomeResearch Sheet- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts