EUROPEAN FIXED INCOME UPDATE: debt recovery intact, but Gilts held back
Analysis details (10:56)
Bonds remain broadly firmer after recouping more losses from fresh cycle lows, with the exception of Gilts that have been hampered by core UK CPI bucking the disinflationary dynamic, with perhaps some spillover from yesterday’s strong average earnings also weighing. Bunds are hovering just over 131.00 within a 131.14-130.65 range, while their Liffe peer sits sub-parity between 93.05-92.53 parameters and the T-note holds nearer 110.04+ overnight peak than 109-24 trough ahead of US housing data, IP and the latest set of FOMC minutes. For the record, results of Germany's long-dated auctions were mixed and barely impacted.
16 Aug 2023 - 10:56- Research Sheet- Source: Newsquawk
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