EUROPEAN FIXED INCOME UPDATE: debt futures regain upside momentum
Analysis details (10:36)
Risk sentiment remains fragile amidst further reductions in Chinese growth projections following mixed macro releases overnight, but bonds seemed to bounce independently after weathering a downturn that was largely UK-related. However, Bunds, Gilts and the T-note stalled having bounced firmly to 133.20 from 132.60, 95.21 from 94.58 and 112-25 from 112-14 and the recent pull-back coincided with a recovery in crude prices on the back of more reported Saudi intervention (headline stating that voluntary production cuts to be rolled even further to the end of next year since withdrawn by the newswire on the basis that it was old). Ahead, more ECB speakers, the NY Fed manufacturing index and Canadian wholesale trade.
17 Jul 2023 - 10:36- Research 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