EUROPEAN FIXED INCOME UPDATE: debt futures remain weak after fleeting rebounds
Analysis details (10:58)
To coin some well known phrases and adages, bounces in bonds have been of the dead cat variety and the path of least resistance to the downside as bears continue to pounce in the aftermath of the Fed switching to hold fire, but still ready to pull the trigger again and twice more before year end. Bunds have drifted back down towards the bottom of a 133-27-132.72 Eurex range, Gilts matched their midweek peak at 94.99 before reversing back below par and closer to 94.36 trough and the T-note remains depressed between 113-31+/165+ confines ahead of the ECB, jobless claims, NY and Philly Fed surveys, import/export prices, retail sales, industrial production and business inventories.
15 Jun 2023 - 10:58- Fixed IncomeData- 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