EUROPEAN FIXED INCOME UPDATE: debt futures regain poise
Analysis details (10:48)
It’s been stealthy and somewhat on the blind-side given more eye-catching moves in currency markets, but bonds have gradually regrouped after containing losses to a bare minimum and extended to the upside. Bunds recently reached 135.82 from a 135.28 low and Gilts hit 100.83 compared 100.41 with some impetus from very well received German and UK auctions - former drawing an unusually 2+ cover ratio at lower yield and latter more than 2.5 times oversubscribed at sub-4%. However, Treasuries remain subdued with the T-note hugging 115-00 awaiting more on the debt ceiling, housing data and Usd 15 bn 20 year supply.
17 May 2023 - 10:47- Research Sheet- Source: Newsquawk
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