EUROPEAN FIXED INCOME UPDATE: debt futures fly and curves re-flatten
Analysis details (10:55)
Gilts gleaned a bit more upside impetus via results of the DMO’s 2034 sale that was more than three times oversubscribed, but in truth were already primed to rip even higher having recovered from a very early wobble. The 10 year bond topped 95.00 before taking a breather, at 95.07 compared to a 93.95 low, while Bunds largely shrugged off mixed German long-dated auctions on the way to 129.91 from 129.03 and the T-note remains bid within 108-11/107-21 extremes and only lagging behind its 30 year peer as bull-flattening gathers momentum pre-US PPI, more Fed speakers, FOMC minutes and regardless it seems of impending 10 year supply.
11 Oct 2023 - 10:55- Fixed IncomeData- Source: Newsquawk
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