EUROPEAN FIXED INCOME UPDATE: debt poised for correction or further capitulation
Analysis details (11:03)
Bonds endured more downside pressure before bouncing to new highs, but the recovery remains fragile in Europe especially as Bunds are back below 134.00 within a 134.33-133.76 range and Gilts are actually probing new Liffe lows between 99-21-98.64 bounds. Hence, selling into upticks is still proving far more profitable than buying dips ahead of weekend and final speeches from Central Bankers including Fed chair Powell and ECB President Lagarde. Meanwhile, US Treasuries remain relatively contained with the T-note hovering around 114-00.
19 May 2023 - 11:03- Research Sheet- Source: Newsquawk
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