EUROPEAN FIXED INCOME UPDATE: debt futures indecisive and volatile
Analysis details (10:49)
Ranges have been extended on both sides in rather random and zig-zag fashion amidst relatively stability in stocks compared to bonds, and it could simply be a case of fatigue for Bunds, Gilts and the T-note having pushed the upper boundaries of recovery on Thursday. However, bulls and dip-buyers may also have taken heed of Fed’s Bowman casting doubt about whether recent US data provides enough proof that inflation pressures are slowing consistently ahead of import and export prices and preliminary Michigan sentiment, with the 10 year benchmarks all adrift within 136.75-28, 101.68-18 and 116-07/115-28 respective ranges. Also ahead, BoE’s Pill, Fed’s Daly, Jefferson and Bullard.
12 May 2023 - 10:49- Research Sheet- Source: Newsquawk
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