EUROPEAN FIXED INCOME UPDATE: debt futures surpass Friday’s highs
Analysis details (10:33)
Bonds were somewhat hesitant to start with and spent a bit of time digesting rather contrasting EU flash PMIs, but momentum picked up pace via a few stop-driven sprees to see Bunds, Gilts and the 10 year T-note all extend on last week’s recovery highs, at 170.89, 123.71 and 128-18 before a pause for breath. In stark contrast, equities are succumbing to increasingly pronounced selling pressure and dragging oil alongside other commodities down with them to support demand for debt and similar safe-haven instruments ahead of the pm session and return of US participants.
24 Jan 2022 - 10:32- Fixed Income- 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