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- Research Sheet- Source: Newsquawk
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