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- Fixed IncomeResearch Sheet- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts