EUROPEAN FIXED INCOME UPDATE: debt futures reverse from recovery highs

Analysis details (11:05)

A rousing reception for the final tap of Germany’s 2027 Bobl and further weakness in EU stocks bar the energy infused FTSE, but bonds have backed off again after an impressive bounce to 152.89 and 117.49 for Bunds and Gilts respectively in wake of stronger than expected Eurozone inflation data. Strangely, UK debt actually hit a new Liffe low in recent trade, at 116.89 (-36 ticks on the day), while their Eurex peer held above worst levels (152.08), just and US Treasuries remain underwater after hawkish opinions from Fed’s Waller before cash markets return from Monday’s Memorial Day break and close out the month with Consumer Confidence, the Dallas Fed Business Manufacturing Index and minutes from the latest Discount Rate meeting.

31 May 2022 - 11:04- Fixed IncomeResearch Sheet- Source: Newsquawk