EUROPEAN FIXED INCOME UPDATE: debt futures regroup after relapse
Analysis details (10:33)
In contrast to price action often seen over the turn of a month, bonds have bounced relatively firmly and almost uniformly after losing upward momentum yesterday, with Bunds extending to 132.77 from 132.23 having rejected the chance of touching 133.00 on more than one occasion during the prior session. Gilts have also regained traction, albeit still lagging due to UK specifics within a 96.80-25 range and the T-note is hovering above the psychological 110-00 level after recovering from 109-27+ to trade at 110-04. All eyes now on potentially pivotal NA events, including Canadian jobs data, the US manufacturing ISM and Fed speeches with particular focus on Chair Powell.
01 Dec 2023 - 10:33- Research Sheet- Source: Newsquawk
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