EUROPEAN FIXED INCOME UPDATE: debt on the verge of further carnage
Analysis details (10:42)
Another hawkish blast from BoE’s Mann weighing on Gilts and the short end of the curve as the 10 year bond dips to a new 101.26 Liffe low (-58 ticks on the day vs just a tick shy of par at best), and the Sonia strip deeper into negative territory. Meanwhile, Bunds and the T-note are declining in sympathy with the former down to 133.92 and latter touching 111-00 vs 134.41 and 111-08 peaks. Next up, CBI trades and CBRT rates before US data, Usd 35 bn 7 year supply and comments from Fed’s Bostic and Daly hot on the heels of hawkish FOMC minutes.
23 Feb 2023 - 10:42- Research Sheet- Source: Newsquawk
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