EUROPEAN FIXED INCOME UPDATE: debt futures maintain recovery momentum

Analysis details (10:44)

Bonds have eased off best levels, but not before carving out fresh intraday highs of 157.87, 120.91 and 121-06+ for Bunds, Gilts and the 10 year T-note respectively. However, the bounce remains corrective after two consecutive sessions dominated by further bearish price action, mainly prompted by Fed officials rather than the latest FOMC minutes, albeit the latter confirmed hawkish leanings via rate and QT guidance. Indeed, the prospect of 50 bp hikes next month and probably at more meetings beyond May has arguably risen given how close the call was not to lift-off with a bigger hike than 25 bp. Ahead, US jobless claims and yet more Fed commentary via uber-hawk Bullard, Evans and Williams.   

07 Apr 2022 - 10:44- Fixed IncomeResearch Sheet- Source: Newsquawk