EUROPEAN FIXED INCOME UPDATE: debt futures mixed and choppy
Analysis details (10:35)
Bunds have extended both sides of their intraday range after bouncing to 127.95 and retreating sharply to 127.48 amidst underperformance in BTPs on Italian fiscal factors and a relatively slow/steady build of interest in the new 5 year Valore issue. Indeed, the latter recently dipped below 109.00 from a 109.49 high to keep the German/Italian benchmark spread on a wider trajectory. Conversely, Gilts are holding up better following very well received 2053 Green supply, albeit back under 93.00 between 93.18-92.70 bounds and the T-note is treading water within a 107-06/14 range in the run up to more Fed commentary and JOLTS.
03 Oct 2023 - 10:35- Fixed IncomeResearch Sheet- Source: Newsquawk
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