EUROPEAN FIXED INCOME UPDATE: debt futures still floundering
Analysis details (10:47)
Bond bears picked up largely where they left off in Europe especially and continue to feast after this week’s Central Bank fest, with little regard or respect for downside technical levels. In fact, sellers are not really showing much psychological sentiment either as the hawkish hype turns more rampant regardless of data or PMIs that highlight increasingly recessionary vibes. Looking at prices in detail, Bunds are now on the verge of a sub-137.00 break and 2.20%+ breach, Gilts have been down to 103.33 and the T-note 114-19 ahead of the US flash PMIs.
16 Dec 2022 - 10:47- Research Sheet- Source: Newsquawk
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