EUROPEAN FIXED INCOME UPDATE: debt futures remain firm pre-ECB and US data

Analysis details (11:09)

Bonds have backed off from best levels reached ahead of the Russia-Ukraine Foreign Minister convene that culminated in another conflicting combination of constructive comments and clearly divergent demands for any truce to be forged. However, the fact that both sides are open to continuing negotiations in an effort to find a diplomatic resolution has underpinned risk sentiment to a degree, or at least stalled the return to aversion that seemed destined to continue in the run up to a busy pm agenda. Bunds are back below 164.00 from a 164.43 Eurex peak, Gilts nearer 122.50 than 123.00 within a 122.34-94 Liffe range and the 10 year T-note towards the base of 126-17/26+ parameters, as attention turns to the ECB, US jobless claims and inflation data, and then the long bond sale. 

10 Mar 2022 - 11:07- Fixed IncomeResearch Sheet- Source: Newsquawk